AUD/NZD chart - Trading View
AUD/NZD extends sideways along cloud base support, bias bearish.
The pair is trading 0.19% higher on the day at 1.0523 at 08:15 GMT.
Price action is below major moving averages and volatility is rising.
Downside finds strong support at 1.05 (nearly converged 20W SMA and daily cloud base).
Decisive break below cloud will accentuate weakness. Scope for weakness till 61.8% Fib at 1.0397.
Technical analysis supports downside. RSI is well below 50 and Stochs are sharply lower.
5-DMA is immediate resistance at 1.0534. Break above 200-DMA negates bearish bias.
Recommendation: Stay short on break below daily cloud, SL: 1.0560, TP: 1.0460/ 1.04
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro- Major European Indices
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR edges higher, set to stay on back foot
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400 



