Chart - Courtesy Trading View
AUD/NZD was trading 0.03% lower on the day at 1.0897 at around 08:10 GMT.
The pair has shown a decisive breakout on sloping channel pattern, scope for further upside.
MACD and ADX support further upside in the pair. Chikou span is biased higher.
Momentum is strongly bullish, Stochs and RSI are biased higher. Stochs are at overbought levels, but no sign of reversal seen.
Volatility is high as evidenced by widening Bollinger bands. Major moving averages are trending higher.
GMMA indicator shows major and minor trend is strongly bullish on the daily and weekly charts.
Support levels - 1.0852 (5-DMA), 1.0787 (21-EMA), 1.0764 (20-DMA)
Resistance levels - 1.0894 (110-month EMA), 1.0947 (2021 high), 1.1043 (2020 high)
Summary: AUD/NZD technical outlook remains bullish. Channel breakout raises scope for further gains. Price action is hovering around 110-month EMA, watchout for break above for upside continuation.
