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AUD/NZD chart - Trading View
Technical Analysis: Bias Bullish
- AUD/NZD was trading 0.17% higher on the day at 1.0528 at around 12:45 GMT
- The pair trades pivotal at 110-EMA resistance, break above will fuel further upside
- Momentum studies are bullish, but overbought conditions may cause some pullbacks
- MACD and ADX support further upside in the pair, volatility is also high
- GMMA indicator shows major and minor trend are bullish on the intraday charts
Support levels - 1.0483 (5-DMA), 1.0452 (55-EMA), 1.0418 (21-EMA)
Resistance levels - 1.0530 (110-EMA), 1.0567 (Cloud top), 1.0655 (200-DMA)
Summary: AUD/NZD trades with a bullish momentum. The pair finds immediate resistance at 110-EMA at 1.0530, decisive break above will propel the pair higher.
