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AUD/NZD chart - Trading View
AUD/NZD trims early losses and has edged higher from session lows at 1.0669 and was trading at 1.0708 at around 08:10 GMT.
The pair finds stiff resistance at 200-DMA, decisive break above will boost upside in the pair.
Price action has edged above 200H MA, GMMA shows bullish trend shift on the intraday charts.
AUD/NZD is extending grind higher in a 'Rising Channel' pattern, break above 200-DMA will buoy bulls.
RSI is sharply higher and Stochs are on verge of rollover from oversold levels. MACD is on verge of bullish crossover on signal line.
The pair closed with a Doji on the previous week's candle, price action is consolidating above 200-week MA, has retraced into the daily cloud.
Break above 200-DMA will see test of 110-EMA at 1.0737. Rejection at 200-DMA negates any upside bias.
