AUD/NZD bears unable to push the pair below 1.0707 (a double bottom tested on 9th and 10th Dec).
- Price action has re-entered hourly cloud and on the day AUD/NZD has been supported by cloud base at 1.0728, daily Stochs are in an oversold zone and will see some unwinding soon.
- A close above the 200-DMA at 1.0823 would be very encouraging, bulls could then take the pair to 1.10 and further above to 1.1260.
- However the prospect of the AUD starting to trend higher are becoming increasingly remote, multi-year lows for oil and iron ore, culminating in 13-yr lows for the broader CRB index, are additional AUD headwinds.
- Breaks below 1.0707 could see the pair test trendline support at 1.0620
Resistance Levels:
R1: 1.0785 (Session high Dec 11)
R2: 1.0823 (200 DMA)
R3: 1.0843 (Dec 10 high)
Support Levels:
S1: 1.0728 (Cloud base)
S2: 1.0707 (double bottom tested on 9th and 10th Dec)
S3: 1.0620 (trendline support)


FxWirePro: EUR/AUD poised for further downside after key fibo break
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: AUD/USD firms as Australian household spending records sharp jump
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro- Woodies Pivot(Major)
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206 



