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Chart - Courtesy Trading View
AUD/NZD was trading 0.09% higher on the day at 1.0784 at around 08:30 GMT.
The pair is extending bullish streak for the seventh consecutive session, outlook remains bullish.
After forming a Doji at weekly cloud support, the pair is set to close with strong weekly gains of over 0.60%.
Price action is confined in a sloping channel pattern and is on track to test channel top at 1.0820.
Technical indicators are bullish. Stochs and RSI are sharply higher, suggest bullish momentum.
Volatility is high and GMMA indicator shows major and minor trend are bullish on the daily and weekly charts.
"Golden Cross" (bullish 50-DMA crossover on 200-DMA) on the daily charts adds to the upside bias.
The pair is on track to test channel top at 1.0820. Breakout will propel the pair higher. Bullish invalidation below daily cloud.
