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AUD/NZD chart - Trading View
AUD/NZD was trading 0.36% higher on the day at 1.0684 at around 10:00 GMT.
The pair has bounced off 3-week lows at 1.0639 hit on Friday's trade as the Australian dollar spikes across the board.
Reserve Bank of Australia's (RBA) aggressive intervention in the bond markets buoyed the Aussie which has shown resilience to downbeat China Caixin PMI data.
The RBA purchased bonds worth $4 billion early Monday – twice the amount of its regular purchases – in a bid to stem rising bond yields.
Caixin China Manufacturing PMI fell to 50.9 in February from January's 51.5, missing expectations for 51.4.
The pair trades with a neutral bias on the weekly charts. Price action confined in Symmetric Triangle pattern.
The pair is hovering around 200W MA at 1.0683. Decisive break above could see upside continuation. Breakout of Symmetric Triangle will provide a clear directional bias.
