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FxWirePro: AUD/NZD edges above daily cloud, break of 1.0840 could see test of 1.09 levels

Our previous call on AUD/NZD has hit all targets.

  • We advise booking partial profits as there is scope for further gains.
     
  • RSI is at 57 and has further room to run, while daily Stochs point higher.
     
  • The pair finds strong resistance at 1.0840 levels, break above could see test of 1.09 (falling trendline).
     
  • On the downside, cloud top at 1.0792 is immediate support ahead of 1.0752 (Jan 26th lows).
     

Recommendation: Book partial profits, raise trailing stops to 1.08, target 1.09

 

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