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AUD/NZD chart - Trading View
AUD/NZD was trading 0.28% higher on the day at 1.0535 at around 09:15 GMT, bias is turning bullish.
The pair is extending gains for the 3rd straight session and is edging closer towards 21-EMA resistance.
The Aussie has largely ignored poor Retail Sales data released earlier today. AUD/NZD is extending gains above 5-DMA.
Australia's consumer spending rose 1.4% month-on-month in October, missing the preliminary estimate and the previous month's increase of 1.6%.
Indicators are turning bullish. Stochs and RSI have turned bullish, confirm rollover from oversold levels.
21-EMA is stiff resistance at 1.0546. Decisive break above will fuel further upside. Next major bull target lies at 38.2% Fib at 1.0657.
Major trend is bearish. Failure at 21-EMA will negate any further upside in the pair.
