AUD/NZD chart - Trading View
Technical Analysis: Bias Bullish
- Extends gains for the 3rd straight session
- Breaks above 200-DMA and into daily cloud
- Momentum studies are bullish, stochs and RSI are biased higher
- Volatility is rising as evidenced by widening Bollinger bands
Support levels - 1.0668 (200-DMA), 1.0635 (55-EMA), 1.0611 (21-EMA)
Resistance levels - 1.0732 (Upper BB), 1.0759 (Nov 5th high), 1.0804 (61.8% Fib)
Summary: AUD/NZD shows bullish signs, breakout above 200-DMA and into daily cloud supports upside. Scope for test of 61.8% Fib at 0.0804. Bullish invalidation on retrace below 200-DMA.
