• AUD/NZD has broken consolidation phase and is testing 61.8% Fib at 1.0550.  
   
• Increased odds of RBNZ rate cut keep the kiwi subdued, AUD/NZD hits new 5-week highs at 1.0555.
   
• Bullish bias intact, scope for test of 200-DMA at 1.0714 on decisive breach above 1.0550 level.
   
• Technical indicators support upside, RSI strong at 66 levels, Stochs are biased higher, a bullish 10-DMA crossover on 20-DMA seen. 
   
• The pair has broken 100-DMA resistance currently at 1.0522,upside gains traction above 1.0550.
   
• Major support levels - 1.0522 (100-DMA), 1.05 (5-DMA), 1.0490 (50% Fib), 1.0480 (50-DMA)
   
• Major resistance levels - 1.0542 (cloud base), 1.0550 (61.8% Fib), 1.06, 1.0632 (June 3 high)
   
• We had advised a long in our previous call (http://www.econotimes.com/FxWirePro-AUD-NZD-consolidates-break-above-major-trendline-resistance-bias-higher-319244).
   
• We recommend holding for targets.