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AUD/NZD chart - Trading View
AUD/NZD has resumed upside after a brief pause, was trading 0.17% higher at around 1.0663 at 08:00 GMT.
The pair trades with a bullish bias. Price action has paused upside at stiff resistance at 200-DMA at 1.0662. Decisive break above will fuel further gains.
Momentum studies are bullish. Oscillators are extending rollover from oversold levels.
On a weekly basis, price action is extending upside for the 3rd straight week. 200W MA is stiff resistance at 1.0689.
Bullish momentum with rising volatility will propel the pair higher. Break above 200-DMA will find next resistance at daily cloud.
Cloud breakout will buoy prices. Next bull target above cloud eyes 61.8% Fib at 1.0804. Rejection at 200-DMA will negate any upside bias.
