AUD/NZD chart - Trading View
AUD/NZD was trading 0.08% higher on the day at 1.0776 at around 05:10 GMT, outlook remains bullish.
The pair has retraced into daily cloud, price is extending break above 200-DMA and 200-week MA.
Momentum studies are strongly bullish. Stochs and RSI are sharply higher with scope to run further.
Analysis of GMMA indicator shows major and minor trend is strongly bullish. Major trend is neutral.
Volatility is high as evidenced by widening Bollinger bands. Breakout above cloud will fuel upside in the pair.
The pair has snapped 2 straight months of declines and is trading 1.49% higher on the month till date.
Price action is on track to test 110-month EMA at 1.0951. Failure to break above daily cloud negates any bullish bias.
