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AUD/NZD chart - Trading View
AUD/NZD was trading largely unchanged at 1.0659 at around 07:20 GMT.
The pair hovers around 50-DMA, retrace above daily cloud keeps scope for upside.
Price action finds stiff resistance at 21-EMA at 1.0673. Decisive break above will fuel further gains.
The pair has bounced off trendline support with spinning top formation and has retraced brief dip below cloud.
Price action has shown a decisive break above 200H MA for the first time since Jan 21st.
Stochs and RSI have rolled over from oversold levels and 'Hammer' formation on previous week's candle raises scope for upside.
Break above 21-EMA will see test of 1.0716. Failure to hold above daily cloud will negate any upside bias.
