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Chart - Courtesy Trading View
AUD/NZD was trading 0.35% higher on the day at 1.0615 at around 12:55 GMT.
The pair is extending break above 200-DMA, scope for further upside.
Price action finds stiff resistance at major trendline at 1.0615, break above to fuel further gains.
Momentum studies are bullish, volatility is high and rising as evidenced by widening Bollinger bands.
MACD and ADX support upside in the pair. Price action is above cloud and Chikou span is biased higher.
Price action hovers around 50% Fib retracement at 1.0613. Break above trendline resistance is likely to fuel further upside.
Next major bull target lies at 61.8% Fib at 1.0692. Bullish invalidation likely below 200-DMA.
