AUD/NZD chart - Trading View
Technical Bias: Bearish
- AUD/NZD was trading 0.21% lower on the day at 1.0757 at around 10:10 GMT
- Upside was capped at daily cloud, and further upside only on decisive break above
- 5-DMA has turned, price ation has slipped below 200H MA
- Stochs are on verge of bearish rollover from overbought levels
- Volatility is high as evidenced by wide Bollinger bands
Support levels - 1.0746 (110-EMA), 1.0721 (200-DMA), 1.0682 (50% Fib)
Resistance levels - 1.0774 (5-DMA), 1.08, 1.0823 (Cloud top)
Summary: AUD/NZD turns bearish after rejection at daily cloud. The pair is currently holding support at 21-EMA, break below will see further weakness. Scope for test of 200-DMA at 1.0721.
