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FxWirePro: AUD/NZD resumes upside after brief pause, outlook bullish

AUD/NZD chart - Trading View 

Technical Analysis: Bias Bullish

- Price has edged above cloud and major moving averages

- Bollinger bands are widening, suggests rising volatility

- Oscillators (Stochs and RSI) show momentum is strongly bullish

- Analysis of GMMA indicator shows minor trend is bullish, while major trend is turning bullish

- MACD and ADX also support upside, MACD shows bullish crossover on signal line on the weekly charts

Support levels - 1.0788 (5-DMA), 1.0752 (200H MA), 1.0730 (50% Fib)

Resistance levels - 1.0865 (Nov 2019 high), 1.0898 (76.8% Fib), 1.09

Summary: Aussie remains bid across the board after upbeat Australian data. Risk-on mood also supports antipodeans. AUD/NZD trades with a strong bullish bias. Price action has edged above 61.8% Fib and is on track to test 76.8% Fib at 1.0898. 

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