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AUD/NZD chart - Trading View
AUD/NZD was trading largely unchanged at 1.0666 at around 07:00 GMT, outlook turning bearish.
The pair is showing signs of weakness after failing to break above 200-DMA which is offering stiff resistance at 1.0678.
Bullish momentum seems to be fading, Stochs are on verge of rollover from overbought levels and RSI is also turning South.
Long upper wicks on the daily candles shows bulls are struggling to take prices higher.
'Death Cross' (bearish 50-DMA crossover on 200-DMA) adds to bearish pressure on the pair.
The pair has slipped below 200H MA and is on track to test next major support at 55-EMA at 1.0639.
200-DMA is major resistance at 1.0678. Further upside only on decisive break above.
