AUD/NZD chart - Trading View
AUD/NZD was trading 0.10% higher on the day at 1.0795 at around 05:15 GMT, outlook turning bullish.
Price action has is extending bullish streak for the 3rd consecutive session, scope for upside resumption.
The pair has been trading in an rising channel pattern and pullback has bounced off channel base support.
Price action has retraced brief dip below 200-DMA and has edged above major moving averages.
MACD and ADX support gains and bullish momentum and rising volatility to drive prices higher.
The Australian dollar has failed to capitalise from upbeat Australia Retail Sales data and remains muted amid mixed sentiment.
Price action is within daily cloud and breakout above will propel the pair higher. Scope for test of multi-month highs at 1.0947.
