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AUD/NZD chart - Trading View
Technical Analysis: Bias Bullish
- AUD/NZD trades with a bullish momentum, on track to test 200-DMA at 1.0717.
- Price action has shown a decisive break above 200H MA.
- The pair has retraced dip below daily cloud with Spinning Top formation at lows.
- MACD is on verge of bullish crossover on signal line.
- RSI has retraced from oversold territory and edged above the 50 mark.
Support levels - 1.0676 (21-EMA), 1.0662 (5-DMA), 1.0635 (200H MA)
Resistance levels - 1.0717 (200-DMA), 1.0759 (Nov 5th high), 1.08
Summary: AUD/NZD is on track to test 200-DMA at 1.0717. Watch out for decisive break above 200-DMA for further gains.
