FxWirePro: AUD/NZD pivotal at 200-DMA, break above targets 1.08

AUD/NZD chart - Trading View 

• AUD/NZD edges lower from 3-week highs at 1.0723, bias is bullish.
   
• The pair finds stiff resistance at 200-DMA at 1.0662, close above could see further gains.
   
• Technical indicators are biased higher. RSI is above 60 levels and bias is higher.
   
• Stochs are on verge of rollover from oversold levels and MACD is on verge of bullish crossover on signal line.
   
• Close above 200-DMA will see gains till 61.8% Fib at 1.08 and then 1.0882 (Oct 29 high).
   
• On the flipside, failure at 200-DMA will see retrace till 55-EMA at 1.0537. Violation there negates the bullish bias.

Support levels - 1.0614 (20-DMA), 1.0585 (21-EMA), 1.0537 (55-EMA)

Resistance levels - 1.0662 (200-DMA), 1.0729 (Apr 17 high), 1.08 (61.8% Fib)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.