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AUD/NZD chart - Trading View
AUD/NZD was trading 0.21% higher on the day at 1.0795 at around 10:00 GMT.
The pair has resumed upside momentum and is on track for further gains.
Price action has broken out of daily cloud and is on verge of Symmetric Triangle breakout.
Oscillators show momnetum is strongly bullish. Stochs and RSI are biased higher. RSI is above 50 and supports the uptrend.
Analysis of GMMA indicator shows major and minor trend are strongly bullish on the intraday charts.
Volatility is also rising as evidenced by widenining Bollinger bands. MACD shows a bullish crossover on signal line.
The pair is on track to test 1.0820 (trendline). Break above finds little resistance till 110-month EMA at 1.0963.
