FxWirePro: AUD/NZD holds major trendline support at 1.0415, weakness only on break below

• AUD/NZD is holding major trendline support at 1.0415.
   
• Upside in the pair was capped at 20-DMA at 1.0514.
   
• Momentum studies are weak with RSI below 50 levels.
   
• Break below trendline (currently) at 1.0415 will accentuate weakness.
   
• Support levels - 1.0415 (trendline), 1.04, 1.0393 (Aug 25 low), 1.0363 (July 4 low)
   
• Resistance levels - 1.0442 (5-DMA), 1.0514 (20-DMA), 1.0547 (June 15 high)
   

Recommendation: Good to sell rallies around 1.0510/20, SL: 1.0565, TP: 1.0420/ 1.04/ 1.0365
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FxWirePro's Hourly AUD Spot Index was at -47.7785 (Neutral), while Hourly NZD Spot Index was at -32.8869 (Neutral) at 0645 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.