AUD/NZD chart - Trading View
AUD/NZD was trading 0.28% higher on the day at 1.0656 at around 09:30 GMT.
The pair is extending gains for the 2nd straight session as price action bounces off trendline support.
Stochs and RSI are on verge of rollover into neutral from oversold territory. The pair has broken above 5-DMA.
Data released earlier today showed China NBS Manufacturing PMI eased below 51.1 forecast and prior to 51.1 in May.
China Non-Manufacturing PMI printed at 55.2, beating consensus at 52.7 and 54.9 previous readouts.
Further, the Australia and New Zealand Banking Group’s (ANZ) Business Confidence and Activity Outlook for May dropped below 7 and 32.3% levels to 1.8 and 27.1% respectively.
Major technical bias for the pair remains bearish. Recovery seems to be capped at 5-DMA. Upside continuation only on break above 200W MA.


JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: GBP/NZD gains some ground but bias is still bearish
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 



