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- AUD/NZD rejected at 1H 100-SMA.
- We see shooting star formation at highs on hourly charts.
- Technicals have turned bearish on hourlies.
- Scope for test of 1H 20-SMA at 1.0363.
- Break below could see test of major trendline support at 1.0355 and 1.0330
Recommendation: Short rallies around 1.0390/1.04, SL: 1.4025, TP: 1.0363/ 1.0355/ 1.0330
