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FxWirePro: AUD/NZD Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis: Bias Bearish

- AUD/NZD was trading 0.21% lower on the day at 1.1016 at around 13:10 GMT

- The pair is holding support at 21-EMA, break below will see more downside

- Bearish divergence on Stochs and RSI adds to the downside bias

- MACD shows bearish crossover on signal line, Chikou span is biased lower

Support levels - 1.0993 (21-EMA), 1.0899 (55-EMA)

Resistance levels - 1.1037 (5-DMA), 1.1129 (Upper BB)

Summary: AUD/NZD pivotal at 21-EMA support. Watch out for break below for further weakness. 
 

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