Chart - Courtesy Trading View
AUD/NZD was trading 0.30% lower on the day at 1.0770 at around 12:30 GMT, outlook bearish.
The pair has refreshed 8-month lows below 1.08 handle, scope for further downside.
Price action is below major moving averages which are biased lower. Volatility is high and rising.
On the weekly charts, the pair has slipped below 110-week EMA and is trading within weekly cloud.
Price action is below daily Ichimoku cloud and Chikou span is biased lower. Momentum is with the bears.
MACD confirms bearish crossover on signal line. ADX supports downside in the pair. GMMA indicator shows major and minor trend are bearish.
AUD/NZD is on track to test 200-week MA at 1.0675. Bearish invalidation only above 200-DMA.


FxWirePro: EUR/NZD edges lower but bullish outlook persists
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 



