• Rising market expectations of Fed rate hike is supporting broad based US Dollar strength keeping commodity currencies subdued.
   
• AUD/NZD trades a volatile session on Wednesday, oscillating between 20-DMA and major trendline resistance at 1.0765.
   
• The pair has formed an 'Inverted Head & Shoulders' pattern on daily charts, breakout above neckline at 1.0770 could see further gains.
   
• 200-DMA is major resistance on the upside, pair has failed to hold gains above on Wednesday's trade.
   
• Intraday bias has turned bearish, break below 20-DMA (1.0637) could see drag lower.
   
• Major support levels - 1.0637 (20-DMA), 1.06, 1.0588 (Oct 21 low)
   
• Major resistance levels - 1.0710 (200-DMA), 1.0756 (Oct 26 high), 1.0770 (neckline)