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FxWirePro: AUD/NZD consolidates previous sessions' gains, eyes 200-DMA at 1.0611

AUD/NZD chart - Trading View 

AUD/NZD pauses upside at daily cloud, break above will see further gains.

The pair is consolidating previous sessions' gains, trades 0.13% lower at 1.0562 at 06:55 GMT.

Price has bounced off cloud base support, technical indicators are turning slightly bullish.

RSI hovers around 50 levels and Stochs are showing a rollover from near oversold levels.

Break above 1.0565 could see further upside. Gains till 200-DMA at 1.0611 likely. Weakness only below daily cloud.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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