Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- AUD/NZD was trading 0.06% lower on the day at 1.0648 at around 13:30 GMT
- Price action has slipped below 55-EMA and is on track for further downside
- MACD is biased lower, ADX supports further weakness in the pair
- The pair has slipped into the daily cloud and RSI nicely converges with price action
- Momentum is bearish and rising volatility to drag prices lower
Support levels - 1.0620 (110-EMA), 1.06, 1.0555 (200-DMA)
Resistance levels - 1.0671 (55-EMA), 1.0682 (5-DMA), 1.0703 (21-EMA)
Summary: AUD/NZD trades with a bearish bias. Breach below 55-EMA has raised scope for further downside. Next bear target lies at 110-EMA at 1.0620.


FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro- Woodies pivot (Major)
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: Bullish Pairs to Watch Out For 



