- AUD/NZD bounced off major trendline support at 1.0420 on Monday's trade.
- The pair re-took 50-DMA currently at 1.0505, but upside lacks traction.
- 5&20-day moving averages are biased lower, we see further downside in the pair.
- Our previous call (http://www.econotimes.com/FxWirePro-AUD-NZD-rejected-at-highs-slips-below-50-DMA-good-to-sell-rallies-384666) has achieved TP 1&2.
- US elections and RBNZ decision remain the two major catalysts for further direction.
- Major support levels - 1.0492 (5-DMA), 1.0463 (Nov 3 low), 1.0444 (Sept 23 low), 1.0450 (trendline)
- Major resistance levels - 1.0519 (100-DMA), 1.0540 (Double to Aug 2 & Sept 30), 1.0548 (June 15 high)
Recommendation: Book partial profits, stay short for targets, bearish invalidation on breakout above 100-DMA.
Decisive breakout below trendline at 1.0450 could see test of 1.03 levels.


BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD moves lower on weak UK data
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 



