AUD/NZD chart - Trading View
Technical Analysis: Bias Neutral
- AUD/NZD extends sideways grind along 200-DMA
- The pair is struggling to extend break above daily cloud
- 'Death Cross', a bearish 50-DMA crossover on 200-DMA dents upside
- RSI holds above 50 mark and GMMA indicator shows near-term moving averages are turning bullish
Support levels - 1.0695 (200-DMA), 1.0658 (21-EMA), 1.0610 (50-DMA)
Resistance levels - 1.0730 (50% Fib), 1.0759 (5th Nov high), 1.0804 (61.8% Fib)
Summary: The pair is currently trading with a neutral bias. 200-DMA is strong support, weakness only on break below. Resumption of upside will see test of 61.8% Fib at 1.0804.
