FxWirePro: AUD/NZD hovers around 1.07 handle, breakout above needed for further upside

• AUD/NZD struggles to extend gains above 1.07, decisive breakout above needed for further upside. 
   
• The pair has edged above 5-DMA and is up 0.36 percent on the day.
   
• Technical indicators still support upside, we do not see definite signs of reversal. 
   
• Breakout above 1.07 will see test of 1.0765. On the flipside, close below 50-DMA at 1.0656 could see retrace upto 1.0523 (20-DMA)
   

Support levels - 1.0674 (5-DMA), 0.06, 1.0597 (61.8% Fib)

Resistance levels - 1.0715 (88.6% Fib), 1.0743 (Aug 8,9 2016 high), 1.0756 (Oct 26 high)

TIME  TREND INDEX  OB/OS INDEX    

1H          Bullish                Neutral       
4H          Bullish                Neutral       
1D          Neutral               Neutral       
1W         Bullish                Neutral    

FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at -39.7943(Neutral), while Hourly AUD Spot Index was at -24.2964 (Neutral) at 0715 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.