- AUD/NZD bounce off strong trendline support finds stiff resistance at 20-DMA.
- The pair has been rejected at 20-DMA resistance and we see any further upside only on break above.
- Price action currently hovers around 1.07 handle, technical indicators are turning bearish.
- Stochs and RSI have turned south and 5-DMA is also biased lower.
- Downside finds strong trendline support at 1.0670. Breach at trendline support required for further weakness.
- On the flipside, breakout at 20-DMA raises scope for test of 200-DMA at 1.0853. Breach at 200-DMA could accentuate gains.
Support levels - 1.0670 (trendline), 1.0654 (Feb 22 low), 1.0630 (channel base), 1.06
Resistance levels - 1.0728 (5-DMA), 1.0733 (20-DMA), 1.08, 1.0853 (200-DMA)
Recommendation: Good to go short on rallies around 1.0710/20, SL: 1.0760, TP: 1.0670/ 1.0630/ 1.06.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major European Indices
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 



