FxWirePro: AUD/NZD refreshes three-month high above 1.10 mark, bias bullish

Chart - Courtesy Trading View 

Technical Analysis:

- AUD/NZD was trading 0.11% higher on the day at 1.1004 at around 13:45 GMT

- The pair has trimmed some of the initial gains and has slipped lower from new 3-month highs at 1.1030

- Momentum is bullish and volatility is high and rising, scope for further upside

- GMMA indicator shows major and minor trend are bullish on the daily charts

- MACD and ADX support upside in the pair, price action is above cloud and Chikou span is biased higher

Support levels:

S1: 1.0952 (5-DMA)

S2: 1.0892 (110-EMA)

Resistance levels:

R1: 1.0998 (200-DMA)

R2: 1.1037 (Upper BB)

Summary: AUD/NZD trades with a bullish bias. Watch out for decisive break above 200-DMA for further gains.