The pair has broken major resistance at 1.0500 levels, upside currently halts at stiff resistance by 1.0740, bias higher.
Momentum studies are heavily , we see scope for test of 100-DMA at 1.0828.
Australia Q2 CPI data (due Wed 27 July) in focus after the extremely weak Q1 data, expectations are for .
While downbeat New Zealand CPI data in Q2 increased the odds of RBNZ rate cut in August.
Supports on the downside are seen at 1.0588 (5-DMA), 1.0490 ( ) and 1.0474 (20-DMA).
Resistance on the upside aligns at 1.0741 (session high), 1.0776 (May 31 high) and 1.0828 (100-DMA).
Good to go long on dips around 1.0680, SL: 1.0585, TP: 1.0740/ 1.0775/ 1.08/ 1.0825