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Chart - Courtesy Trading View
Technical Analysis: Bias Bullish
- AUD/NZD was trading 0.30% higher on the day at 1.0963 at around 10:50 GMT
- The pair is extending upside for the 4th consecutive session, bias is bullish
- MACD is on verge of bullish crossover on signal line, ADX supports upside
- The pair is surging higher after channel breakout, bias remains bullish
- Momentum is with the bulls, Stochs and RSI are biased higher
Support levels - 1.0894 (5-DMA), 1.0884 (21-EMA)
Resistance levels - 1.0980 (Upper BB), 1.10
Summary: AUD/NZD trades with a bullish bias. Scope for break above 1.10 mark.
