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Potential reversal zone (PRZ) - 1.0940.
- AUD/NZD has made a high of 1.13025 and started to retreat from that level. Short term trend is still weak as long as resistance 1.1315 holds.
- The pair's minor resistance is around 1.1150 and any break above would extend gains till 1.1180/1.1235/1.1300.
- On the downside minor support is around 1.1095 and break below targets 1.1055/1.100/1.0950
It is good to sell on rallies around 1.1130-35 with SL around 1.1180 for the TP of 1.100/1.0960
