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AUD/NZD chart - Trading View
AUD/NZD was trading 0.13% higher on the day at 1.0788 at around 11:30 GMT.
The pair is extending consolidation above 21-EMA support and technical analysis suggests the pair is poised for upside resumption.
Price action has bounced off channel base support and has retraced brief dip below 200-DMA.
Momentum has turned bullish with RSI edging above the 50 mark. Stochs are also sharply higher.
A bullish 5-DMA crossover on 20-DMA adds to the upside bias. MACD shows bullish crossover on signal line.
Minor pullbacks have held above 200H MA support. Scope for test of cloud top at 1.0850. Break out of cloud will confirm further bullishness.
On the flipside, 21-EMA is strong support at 1.0772. Break below will see test of channel base support at 1.0730.
