- AUD/NZD spikes above 200-DMA at 1.0525, intraday bias higher.
- The pair remains capped at 61.8% Fib retrace of 1.07647 to 1.03260 fall.
- Break above will see test of 1.0670 (78.6% Fib) and then 1.0743 (Aug 9th highs).
- Support levels - 1.0525 (200-DMA), 1.0516 (session low), 1.05 (5-DMA)
- Resistance levels - 1.0597 (61.8% Fib & session high), 1.0612 (Nov 25 high), 1.0670 (78.6% Fib)
TIME TREND INDEX OB/OS INDEX
1H Bullish Overbought
4H Bullish Overbought
1D Bullish Neutral
1W Bullish Neutral
Recommendation: Good to go long on dips around 1.0565/70, SL: 1.0520, TP: 1.06/ 1.0670
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at -102.601(Bearish), while Hourly NZD Spot Index was at -79.2951 (Bearish) at 0800 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
