AUD/NZD chart - Trading View
AUD/NZD is extending previous session's gains, finds strong support at daily cloud.
The pair was trading 0.19% higher on the day at 1.0708 at around 12:30 GMT, after closing 0.37% higher in the previous session.
Retrace in the pair after rejection at 'Triple Top' has paused at daily cloud which is major support. Break below will see further weakness.
Major trend remains bullish, and minor trend is also turning bullish as evidenced by GMMA indicator.
'Golden Cross' (bullish 50-DMA crossover on 200-DMA) to cushion downside in the pair. Resumption of upside will see test of 'Triple Top' at 1.0830.
Major Support: 1.0656 (50-DMA)
Major Resistance: 1.0830 (Triple Top)
