FxWirePro: AUD/NZD hovers around 200-DMA, breakout above daily cloud required for further upside

AUD/NZD chart - Trading View 

Technical Analysis: Bias Neutral

- AUD/NZD is extending sideways along 200-DMA

- Upside in the pair capped at cloud top, breakout of cloud required for upside continuation

- 'Death Cross' (bearish 50-DMA crossover on 200-DMA) weighs on the upside

- GMMA indicator on weekly and daily charts shows near-term trend is bullish while major trend is neutral

- Stiff resistance on the upside aligns at cloud top, 200W MA and 200-DMA  at 1.0688. Decisive breakout will see further gains.

Support levels - 1.0673 (5-DMA), 1.0606 (50-DMA), 1.0583 (Cloud base)

Resistance levels - 1.0688 (converged cloud top, 200W MA and 200-DMA), 1.0730 (50% Fib), 1.08 (61.8% Fib)

Summary: The antipodeans remain volatile amid wavering risk sentiment in the markets. Major bias remains neutral and decisive break above cloud could change near-term dynamics.