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Chart - Courtesy Trading View
Technical Analysis:
- AUD/NZD was trading 0.33% higher on the day at 1.1119 at around 09:30 GMT
- The pair is extending bounce off major trendline support
- Price action is testing 110-EMA resistance, break above will see more upside
- Momentum is turning bullish, Stochs and RSI are on verge of bullish rollover from oversold levels
- The pair has broken above 200H MA, GMMA indicator has turned bullish on the intraday charts
Major Support Levels:
S1: 1.1108 (200H MA)
S2: 1.1076 (5-DMA)
Major Resistance Levels:
R1: 1.1119 (110-EMA)
R2: 1.1182 (21-EMA)
Summary: AUD/NZD pivotal at 110-EMA. Decisive break above will fuel further gains.
