AUD/NZD chart - Trading View
AUD/NZD slips below 1.04 handle, trades 0.20% lower on the day at 1.0392 at 05:25 GMT.
Technical indicators are biased lower. RSI is well below 50 mark and biased lower.
Stochs show bearish momentum and volatility is rising as indicated by widening Bollinger Bands.
Price action is below cloud and major moving averages. Upside remains capped at 5-DMA which is sharply lower.
MACD and ADX indicators support downside. Negative DMI dominance seen which adds to further weakness.
Price action has slipped below 61.8% Fib and next support aligns at lower BB (weekly) at 1.0317.
Further weakness will see test of 78.6% Fib at 1.0307. Bearish invalidation only above 200-DMA.
Support levels - 1.0316 (Lower BB), 1.0307 (78.6% Fib), 1.0253 (88.6% Fib)
Resistance levels - 1.0397 (61.8% Fib), 1.0421 (5-DMA), 1.0466 (21-EMA)
Recommendation: Good to go short on upticks, SL: 1.0430, TP: 1.0320/ 1.03
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro- Major European Indices
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro- Major Crypto levels and bias summary
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro- Major Pair levels and bias summary 



