FxWirePro: AUD/NZD consolidating break above triangle-top, weakness only below 200-DMA at 1.0902

AUDNZD is consolidating breakout above triangle top, bulls struggling to extend gains higher.

• The pair is holding above 200-DMA currently at 1.0902, any weakness will be seen only on breaks below.
   
• Rising hopes for accommodative efforts from the ECB and surprise easing by the BoJ are likely to support the high beta currencies.
   
• AUD has scope to rebound further from current levels, while pressure remains on the kiwi with RBNZ easing anticipated.
   
• The pair sees immediate resistance at 1.0968 (Jan 28 highs), while support on the downside lies at 1.0902 (200-DMA) and further below at 1.0876 (61.8% Fib of 1.1086 to 1.0539 fall).

Recommendation: Good to go long on dips around 1.0910/20, SL: 1.0875, TP: 1.0970/1.0990/1.10