FxWirePro: AUD/NZD rejected at 1.07 handle, slips below 5-DMA

• AUD/NZD struggles around 1.07 for the third straight session, slips below 5-DMA support. 
   
• AUD is on the back foot following a dismal Aussie jobs data release earlier on Thursday.
   
• The pair is currently trade at 1.0669, close below 5-DMA could build bearish bias.
   
• Technical indicators still support upside, we do not see definite signs of reversal. 
   
• Breakout above 1.07 will see test of 1.0765. On the flipside, close below 50-DMA at 1.0656 could see retrace upto 1.0523 (20-DMA)
   

Support levels - 1.0665 (5-DMA), 0.06, 1.0597 (61.8% Fib)

Resistance levels - 1.07, 1.0715 (88.6% Fib), 1.0743 (Aug 8,9 2016 high)

TIME  TREND INDEX  OB/OS INDEX    

1H          Bearish               Neutral       
4H          Bearish               Neutral       
1D          Bullish                Neutral       
1W         Bullish                Neutral    

Recommendation: We prefer to wait for confirmation on technicals.

FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 88.3416(Bullish), while Hourly NZD Spot Index was at 126.782 (Highly Bullish) at 0840 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.