FxWirePro: AUD/NZD holds cloud support, eyes 200-DMA at 1.0630

AUD/NZD chart - Trading View 

AUD/NZD is extending sideways grind, trades 0.06% higher on the day at 1.0586 at 04:30 GMT.

The pair is holding support at daily cloud, we see weakness only on break below.

Technical indicators are turning slightly bullish. RSI is above 50, bias higher.

Stochs are showing a rollover from near oversold levels and MACD is on verge of bullish crossover on signal line.

Bullish continuation will see test of 200-DMA at 1.0630. Break above required for further upside.

On the flipside, break below cloud top finds next major support at 1.0552 (converged 50-DMA and 55-EMA).

Support levels - 1.0576 (21-EMA), 1.0522 (converged 50-DMA and 55-EMA), 1.0502 (cloud base)

Resistance levels - 1.06, 1.0630 (200-DMA), 1.0683 (50% Fib)

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