AUD/NZD chart - Trading View
AUD/NZD was trading largely unchanged at 1.0786 at around 04:35 GMT. The pair is struggling to extend previous session's gains.
Recovery falters at 200H MA, and the pair has retraced back below. Further a bearish 'CCI Divergence' on the hourly charts keeps intraday bias lower.
Technical bias for the pair is bearish. Cloud also caps upside in the pair. 'Gravestone Doji' formed on the daily candle also weighs.
Decisive break below 110-EMA support to drag prices lower. Dip till 38.2% Fib at 1.0641 likely.
200-DMA is major support at 1.0591. Violation at 200-DMA opens further downside in the pair.
Support levels - 1.0748 (110-EMA), 1.07, 1.0641 (38.2% Fib)
Resistance levels - 1.0795 (200H MA), 1.0803 (Cloud base), 1.0834 (20-DMA)
