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AUD/NZD chart - Trading View
AUD/NZD was trading largely muted at 1.0642 at around 11:50 GMT, scope for further upside.
The pair is struggling to extend gains as 200-DMA offers stiff resistance at 1.0656. Decisive break above will fuel further gains.
The pair has bounced off support at weekly cloud. Momentum studies are strongly bullish.
Analysis of GMMA indicator shows minor trend is strongly bullish. Volatility is rising as evidenced by widening Bollinger bands.
Decisive break above 200-DMA will propel the pair higher. Next major resistance lies at 200W MA at 1.0689 ahead of 50% Fib at 1.0730.
200H MA is strong support at 1.0578. Retrace below will see weakness. Next major support lies at 23.6% Fib at 1.0565.
