- AUD/NZD trades with a weak bias, scope for test of 1.04 levels.
- The pair has broken below 200-DMA and price action well below daily cloud.
- Technical studies are highly bearish, but RSI and Stochs at oversold levels, so some caution advised.
- We see bearish invalidation only above 200-DMA at 1.0599 levels.
- Next immediate support seen at 1.0472 (Sept 30 2016 low). Break below will see test of 1.0418 (76.8% Fib) and then trendline at 1.040.
Support levels - 1.0472 (Sept 30 2016 low), 1.0418 (76.8% Fib), 1.040 (trendline)
Resistance levels - 1.0540 (5-DMA), 1.0599 (200-DMA), 1.0674 (20-DMA)
Recommendation: Good to go short on rallies around 1.0510/20, SL: 1.06, TP: 1.0475/ 1.0420/ 1.04
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 45.4327 (Neutral), while Hourly NZD Spot Index was at 126.752 (Bullish) at 1020 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro : EUR/NZD slips lower after soft US jobs report
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro: NZD/USD retreats as Middle East instability weighs
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80 



