- AUD/NZD failed to close above 20-DMA in last week's trade and intraday bias has turned slightly bearish.
- Upside in the pair has been rejected at 23.6% Fib of 1.1019 to 1.0391 fall at 1.0539 on Friday.
- The pair opened trade with a bearish gap and is extending downside, has broken 5-DMA at 1.0473.
- We see strong support at 1.040 (trendline), weakness likely on break below.
- On the flipside, break above 23.6% Fib could see test of 200-DMA at 1.0604.
Support levels - 1.0412 (June 14 low), 1.040 (trendline), 1.03914 (June 2 low), 1.03542 (Dec 29th, 30th 2106 low).
Resistance levels - 1.0539 (23.6% Fib), 1.0571 (Double top Jan 11 and May 29th), 1.0604 (200-DMA).
Recommendation: Watch out for close below 5-DMA to go short, SL: 1.05, TP: 1.04/ 1.0355.
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 53.6936 (Neutral), while Hourly NZD Spot Index was at 5.91996 (Neutral) at 0620 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/CAD pauses decline,critical support lies ahead
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro- Major European Indices
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro- Major Crypto levels and bias summary 



