AUD/NZD chart - Trading View
Technical Analysis: Bias Bearish
- AUD/NZD is extending upside for the 3rd straight session
- The pair has bounced off support at weekly cloud
- Volatility is rising as evidenced by widening Bollinger bands
- Analysis of GMMA indicator shows minor trend is strongly bullish
- Momentum studies are strongly bullish, Stochs and RSI are sharply higher
Support levels - 1.0631 (50-DMA), 1.0571 (5W MA), 1.0565 (23.6% Fib)
Resistance levels - 1.0655 (200-DMA), 1.0667 (110-EMA), 1.0730 (50% Fib)
Summary: AUD/NZD has paused upside at 200-DMA at 1.0655. Decisive break above will propel the pair higher. Next major resistance lies at 200W MA at 1.0688 ahead of 50% Fib at 1.0730.
