- AUD/NZD struggles to hold gains above 61.8% Fib.
- The pair edges lower from major trendline resistance at 1.0582.
- 100-DMA at 1.0520 is strong support on the downside, violation there could see deeper losses.
- RSI is showing a turn from near overbought levels and stochs are at oversold territory.
- Major support levels - 1.0520 (100-DMA), 1.05, 1.0490 (50% Fib)
- Major resistance levels - 1.0550 (61.8% Fib), 1.0582 (trendline), 1.06, 1.0635 (78.6% Fib)
Recommendation: Short break below 1.0520, SL: 1.0585, TP: 1.0490/1.0435/ 1.04
