Chart - Courtesy Trading View
AUD/NZD was trading 0.20% lower on the day at 1.0956 at around 09:50 GMT.
The pair is extending break into daily cloud, breaks below 55-EMA and 23.6% Fib.
Momentum is bearish, stochs and RSI are sharply lower. RSI is below 50 and Stochs are in oversold zone.
MACD and ADX support downside in the pair. Chikou span is also biased lower.
The Australian dollar is showing weakness ahead of the scheduled speech from Reserve Bank of Australia (RBA) Governor Philip Lowe.
After a hawkish RBA, any positive comments from Governor Lowe supporting higher rates will defend Aussie bulls.
Support levels - 1.0932 (Lower BB), 1.0883 (110-EMA)
Resistance levels - 1.0978 (55-EMA), 1.1023 (21-EMA)
Summary: AUD/NZD trades with a bearish bias. Close below 23.6% Fib paves way for further downside.
