AUD/NZD chart - Trading View
AUD/NZD was trading 0.14% higher on the day at 1.0672 at around 09:15 GMT.
The pair has paused downside, but recovery attempts lack traction, upside capped at 5-DMA.
MACD is biased lower and is below the zero mark. ADX is rising with -ve DMI dominance, supporting downside.
Bollinger bands are wide suggesting volatility is high and rising. Momentum indicators show bearish bias.
Price action is consolidating break below 200-week MA, bias bearish as long as pair holds below 200-week MA.
GMMA indicator shows major and minor trend are bearish on the daily and intraday charts.
Support levels - 1.0625 (Channel base), 1.06 (May 27 low), 1.0540 (Feb low)
Resistance levels - 1.0682 (5-DMA), 1.0715 (200 DMA), 1.0736 (55-EMA)
Summary: AUD/NZD was trading with a bearish bias. Recovery lacks traction, scope for test of channel base at 1.0625.
