AUD/NZD chart - Trading View
AUD/NZD fails to break 110-EMA resistance from many sessions.
Technical indicators are starting to turn bearish on the intraday charts.
The pair trades below major moving averages and has slipped below daily cloud.
Price action has at the time of writing formed a 'Gravestone Doji' raising scope for further weakness.
RSI and Stochs have turned and Stochastics RSI is on verge of rollover from overbought levels.
The pair is on track to test lower Bollinger band at 1.0430. Further weakness will see test of 61.8% Fib at 1.0397.
Major resistance lies at 110-EMA at 1.0539. Bearish invalidation only above 200-DMA.
Support levels - 1.0430 (Lower BB and trendline), 1.0424 (July 2 low), 1.0397 (61.8% Fib)
Resistance levels - 1.0504 (converged 5-DMA and 21-EMA), 1.0538 (110-EMA), 1.0570 (200-DMA)
Recommendation: Stay short on close below daily cloud, SL: 1.0540, TP: 1.0430/ 1.0400
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 



