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AUD/NZD chart - Trading View
AUD/NZD surged over 0.70% higher to hit 5-month highs at 1.0888, outlook is bullish.
US, Canada, UK and EU imposed sanctions on Chinese officials over human rights violations in Xinjiang.
This coordinated human-right sanctioning of Chinese officials was seen as a key factor driving weakness in kiwi.
Technical indicators for the pair have turned bullish. GMMA indicator shows major and minor trend are bullish.
Volatility is rising as evidenced by widening Bollinger bands. MACD and ADX support upside in the pair.
Price action is extending Symmetric Triangle breakout and is on track to test major trendline resistance at 1.0930.
