FxWirePro: AUD/NZD struggles to breakout 'symmetric triangle pattern', capped below 100-DMA

• AUD/NZD is attempting breakout above symmetric triangle pattern.
   
• The pair finds stiff resistance by 100-DMA at 1.0507, break above will determine further impetus.
   
• We then see scope for test of 1.06 levels. 
   
• Downside remains supported by 20-DMA at 1.0462, break below could see drag upto Triangle base at 1.04.
   
• Support levels - 1.0466 (23.6% Fib of 1.0764 to 1.0374 fall), 1.0462 (20-DMA), 1.04 (triangle base)
   
• Resistance levels - 1.05 (triangle top), 1.0507 (100-DMA), 1.0523 (38.2% Fib)
   

Recommendation: Watch for breakout of symmetric triangle to go long. We would see an opportunity for short on break below 20-DMA.
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FxWirePro's Hourly AUD Spot Index was at -28.0518 (Neutral), while Hourly NZD Spot Index was at 9.17292 (Neutral) at 0330 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.