Chart - Courtesy Trading View
AUD/NZD breaks below 200-DMA, is extending weakness for the sixth straight session.
The pair has formed a Doji on the daily candle at the time of writing, headlines from China appeared to have recently favored the market’s sentiment.
The People’s Bank of China (PBOC) Governor, Yi Gang, recently crossed wires said that China's economy remains broadly on track.
Policymakers said that they expect the housing market can achieve a soft landing and added that the property sector is now "stable".
Technical indicators are biased lower. Stochs and RSI are sharply lower, volatility is high and rising.
Price action is below major moving averages which are trending lower. GMMA indicator shows major and minor trend are bearish.
Support levels:
S1: 1.0896 (Lower BB)
S2: 1.0823 (110-week EMA)
Resistance levels:
R1: 1.0943 (55-week EMA)
R2: 1.0998 (200-DMA)
Summary: AUD/NZD downside reinforced after breach below 200-DMA support. Bearish momentum likely to drag the pair lower. Next major support at 1.0823 in sight.


FxWirePro: GBP/AUD under pressure as pound continues to weaken
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR retreats slightly but bias is bullish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Major Pair levels and bias summary
Crypto Bias Report: Trend Signals and Top Bullish Picks 



