AUD/NZD chart - Trading View
AUD/NZD was trading 0.18% higher on the day at 1.0782 at around 10:55 GMT.
The pair has brushed aside a 'Doji' formation in the previous session and is extending gains above 88.6% Fib.
Dovish RBNZ weighed heavily on the kiwi. New Zealand budget failed to provide any respite.
On the weekly charts the pair is on track to close over 1.35% higher, rising volatility and bullish momentum to ensure further upside.
Price action has broken above weekly cloud and major resistance at 200W SMA. MACD also supports upside.
Bulls eye 2019 high at 1.08655. Hurdle on the way lies at Upper Bollinger band (monthly) at 1.0856.
Support levels - 1.0725 (5-DMA), 1.0656 (200W SMA), 1.0634 (21-EMA)
Resistance levels - 1.0856 (Upper Monthly BB), 1.0865 (2019 high), 1.1014 (110M EMA)
