- AUD/NZD breaks major trendline support at 1.0740, price action has dipped into daily cloud.
- Aussie hurt by weakness in iron ore prices and bearish RBA minutes while decent result in the GDT index at 3.1% keeps the kiwi supported.
- The pair has broken below major support by 50-DMA at 1.0797 and is on track to test 100-DMA at 1.0627.
- Violation at 100-DMA could see weakness upto 200-DMA at 1.0579.
- Technicals on weekly charts are also heavily bearish, Stochs and RSI are biased lower and MACD is on verge of a bearish crossover.
Call update: Our short call (http://www.econotimes.com/FxWirePro-AUD-NZD-finds-strong-support-at-10740-good-to-go-short-on-break-below-646403) has hit TP1&2.
Recommendation: Bias lower. Hold for downside. Target 1.0630/ 1.0615/ 1.0580
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at -102.751 (Bearish), while Hourly NZD Spot Index was at -41.2446 (Neutral) at 0640 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro- Major Pair levels and bias summary
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD dips below lower range, bearish bias increases
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows 



