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FxWirePro: AUD/NZD consolidates above daily cloud, hovers around 200-DMA

AUD/NZD chart - Trading View Technical Analysis: Bias Neutral - AUD/NZD extends sideways grind along 200-DMA - The pair is struggling to extend break above daily cloud - 'Death Cross', a bearish 50-DMA crossover on 200-D…

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FxWirePro: AUD/NZD consolidates above daily cloud, hovers around 200-DMA
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AUD/NZD chart - Trading View 

Technical Analysis: Bias Neutral

- AUD/NZD extends sideways grind along 200-DMA

- The pair is struggling to extend break above daily cloud

- 'Death Cross', a bearish 50-DMA crossover on 200-DMA dents upside

- RSI holds above 50 mark and GMMA indicator shows near-term moving averages are turning bullish

Support levels - 1.0695 (200-DMA), 1.0658 (21-EMA), 1.0610 (50-DMA)

Resistance levels - 1.0730 (50% Fib), 1.0759 (5th Nov high), 1.0804 (61.8% Fib)

Summary: The pair is currently trading with a neutral bias. 200-DMA is strong support, weakness only on break below. Resumption of upside will see test of 61.8% Fib at 1.0804. 
 

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