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AUD/NZD chart - Trading View
AUD/NZD extends bounce off cloud base support, trades 0.20% higher at 1.0548 at 04:00 GMT.
The Aussie muted after mixed NAB Australian business survey. Losses capped on rebound in the Chinese Yuan and firmer iron-ore prices.
Dalian iron ore jumps over 4% on supply risks and strengthening Chinese demand
AUD/NZD finds stiff resistance at 1.0565 (nearly converged 21-EMA and 200H SMA.
Technical indicators are turning slightly bullish. RSI is now biased higher and Stochs are on verge of rollover from near oversold levels.
Break above 1.0565 could see further upside. Gains till 200-DMA at 1.0613 likely. Weakness only below daily cloud.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
