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AUD/NZD chart - Trading View
Technical Analysis: Bias Neutral
- Price action has bounced off channel base support
- The pair has retraced above 200-DMA and is set to extend upside
- Momentum indicators have turned bullish, RSI has edged above 50
- Price is holding support at cloud base and Chikou span is biased higher
- Volatility is rising as evidenced by widening Bollinger bands
Support levels - 1.0752 (110-EMA), 1.0744 (200-DMA), 1.0719 (Lower BB)
Resistance levels - 1.0793 (Upper BB), 1.0822 (23.6% Fib), 1.0957 (110-month EMA)
Summary: AUD/NZD has bounced off channel base support. Technical indicators have turned bullish. Stochs and RSI are biased higher. The pair is set to resume upside. Break below channel negates any upside in the pair.
