AUD/NZD breaks above 200-DMA raising scope for further upside.
Upside finds stiff resistance at 1.0935 (major trendline resistance), break above to see further gains.
Technical indicators are bullish. RSI shows strength above 65, momentum studies are bullish.
Break above major trendline resistance at 1.0935 targets 61.8% Fib at 1.0983. Retrace and close below 200-DMA negates bullish bias.
Support levels - 1.0889 (50% Fib), 1.0861 (200-DMA), 1.0826 (5-DMA)
Resistance levels - 1.0935 (trendline), 1.0983 (61.8% Fib), 1.1072 (Jan 29 high)
Good to go long on breakout above 1.0935, SL: 1.0860, TP: 1.0980/ 1.1070
Upside finds stiff resistance at 1.0935 (major trendline resistance), break above to see further gains.
Technical indicators are bullish. RSI shows strength above 65, momentum studies are bullish.
Break above major trendline resistance at 1.0935 targets 61.8% Fib at 1.0983. Retrace and close below 200-DMA negates bullish bias.
Support levels - 1.0889 (50% Fib), 1.0861 (200-DMA), 1.0826 (5-DMA)
Resistance levels - 1.0935 (trendline), 1.0983 (61.8% Fib), 1.1072 (Jan 29 high)
Good to go long on breakout above 1.0935, SL: 1.0860, TP: 1.0980/ 1.1070