FxWirePro: AUD/NZD rejected at highs, slips below 50-DMA, good to sell rallies

• AUD/NZD's attempts recovery from 6-week lows, but upside lacks traction.
   
• Pair rejected at highs, slips below 50-DMA currently at 1.0501.
   
• Technical indicators on daily charts support downside in the pair.
   
• We see scope for test of trendline at 1.0420.
   
• Major support levels - 1.0463 (Nov 3 and session low), 1.0444 (Sept 23 low), 1.0420 (trendline)
   
• Major resistance levels - 1.0501 (50-DMA), 1.0518 (100-DMA), 1.0532 (Nov 3 high)
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Recommendation: Good to sell rallies around 1.05 levels, SL: 1.0550, TP: 1.0465/ 1.0445/ 1.0420