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FxWirePro: AUD/NZD Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis: Bias Bullish

- AUD/NZD was trading 0.09% higher on the day at 1.0544 at around 10:45 GMT

- The pair is extending upside for the 5th straight session, outlook is bullish

- Stochs and RSI are sharply higher, momentum is bullish

- Price action is above cloud, Chikou span is biased higher

- GMMA indicator shows major and minor trend are strongly bullish

Support levels:

S1: 1.1041 (5-DMA)

S2: 1.1011 (20-DMA)

Resistance levels:

R1: 1.1093 (Upper BB)

R2: 1.1110 (May 2022 high)

Summary: AUD/NZD trades with a bullish bias. Scope for test of fresh 2022 high above 1.1110. 
 

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