AUDNZD BullishWeekly average price above Monthly
Resistance 1.09329 is now support1
Support 2 is 1.07745
A break below 1.077745 is bearish trend(red arrow)
AUDNZD could close 3days in row above 1.9 support zone
Many technicians will recognise this as a potential trend reversal to the upside.
Fibonacci enthusiasts may also acknowledge that the dynamic value, which may serve well as resistance if challenged, is accompanied by a moderate Fibonacci cluster around $0.6681 (38.2% and 61.8% Fibonacci retracement ratios). Therefore, technically, this could prove a problematic headwind.
The levels above 1.11 are untested Highs and AUD will try to fill them
