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  |   Technicals


FxWirePro: AUD/NZD Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis:

- AUD/NZD was trading     0.41% higher on the day at 1.1020 at around 10:50 GMT

- The pair has bounced off daily cloud support, hovers around 50-DMA

- Price action has edged above 200H MA, scope for further upside on close above

- Bullish RSI divergence seen on the hourly charts raises scope for upside

Support levels:

S1: 1.0987 (55-EMA)

S2: 1.0930 (Lower BB)

Resistance levels:

R1: 1.1018 (50-DMA)

R2: 1.1024 (21-EMA)

Summary: AUD/NZD trades with a neutral bias. Weakness only on break below daily cloud. 

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