FxWirePro: AUD/NZD trades shy of 21-EMA, bullish divergence keep scope for upside

AUD/NZD chart on Trading View used for analysis 

• AUD/NZD trades shy of 21-EMA, we see scope for further upside.
   
• The pair opened with a bullish gap and is holding above 5-DMA support.
   
• Technical indicators are turning slightly bullish, 5-DMA has turned.
   
• Stochs and RSI are on verge of rollover from oversold levels. MACD is on verge of bullish crossover on signal line.
   
• Further, bullish divergence on Stochastics keeps scope for upside.
   
• Break above 21-EMA eyes 38.2% Fib at 1.0813. Break below 5-DMA negates bullish bias.

Support levels - 1.0645 (5-DMA), 1.0589 (Nov 20 low)

Resistance levels - 1.0709 (21-EMA), 1.0727 (23.6% Fib)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.