AUD/NZD Short term Outlook

AUD/NZD has recovered after making a low of 1.0660 and any trend reversal can happen only below 1.0650.

The pair’s minor resistance is around 1.0740 and any break above will take the pair to 1.07940/1.0815.

On the downside minor support is around 1.0680 and break of will target 1.065/1.062.

Indicators (1 Hour chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy

Recommendation: Buy AUD/NZD around 1.0720, SL 1.0680, Targets 1.0794/1.0814.