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AUD/NZD chart - Trading View
AUD/NZD was trading 0.22% higher on the day at 1.0683 at around 11:00 GMT, bias bullish.
The pair was extending choppy trade around 200-DMA, on track to close higher for the 4th straight session.
Momentum remains bullish, stochs and RSI are bullish. Price action has entered into daily cloud and is set to extend upside.
The pair has bounced off weekly cloud and is currently struggling at 200W MA which is major resistance at 1.0689.
Decisive break above 200W MA will buoy prices. Next major bull target lies at 61.8% Fib at 1.0804.
Failure at 200-DMA will negate further upside. 21-EMA is immediate support at 1.0621, retrace below will see further weakness.
