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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 1.1067 at around 10:50 GMT

- The pair is extending bounce off daily cloud and has broken above 21-EMA

- MACD is showing a bullish crossover on signal line

- Momentum is bullish, Stochs and RSI are biased higher, RSI has edged above 50 mark

- GMMA indicator shows major and minor trend are bullish

Support levels:

S1: 1.1029 (21-EMA)

S2: 1.0993 (55-EMA)

Resistance levels:

R1: 1.1090 (June 30 high)

R2: 1.1114 (Upper BB)

Summary: AUD/NZD poised for further upside. Weakness only below cloud. 

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