FxWirePro: AUD/NZD consolidates break above major trendline resistance, bias higher

• AUD/NZD is consolidating break above major trendline resistance on 23 Sept.
   
• The pair is largely unchanged on the day, is trading with a bullish bias, scope for test of 200-DMA at 1.0714.
   
• The pair has broken series of major resistances - 1.0485 (50-DMA), 1.0490 (50% Fib), 1.05 (trendline).
   
• We have evidenced a bullish 10-DMA crossover on 20-DMA. 
   
• Upside is struggling at 100-DMA currently at 1.0524, breakout above could see upside gain traction.
   
• Major support levels - 1.05 (trendline), 1.0490 (50% Fib), 1.0485 (50-DMA)
   
• Major resistance levels - 1.0524 (100-DMA), 1.0542 (cloud base), 1.0550 (61.8% Fib), 1.06
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Recommendation: Long breakout above 100-DMA at 1.0524, SL: 1.0430, TP: 1.0550/ 1.0635/ 1.0714