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AUD/NZD chart - Trading View
AUD/NZD was trading 0.12% higher on the day at 1.0900 at around 04:45 GMT.
The pair is set to extend previous session's gains and is on track to refresh 6-month highs.
Technical indicators for the pair have turned bullish. The pair haudas ignored Doji on the previous week's candle and is over 0.90% higher for the week till date.
Analysis of GMMA indicator shows major and minor trend are bullish on the daily and weekly charts.
Volatility is rising as evidenced by widening Bollinger bands. MACD and ADX support upside in the pair.
Price action is extending Symmetric Triangle breakout and is testing major trendline resistance at 1.0935. Breakout will propel the pair higher.
Next major resistance lies at 110-month EMA at 1.0965. Failure to break above trendline resistance at 1.0935 dents upside.
