AUD/NZD closes below 100-DMA, bias lower, sell rallies

FX:AUDNZD   Australian Dollar / New Zealand Dollar
180 0
AUD/NZD price action dips below daily Ichi cloud, intraday bias lower.

Weakness seen on daily charts , with MACD on the verge of a bearish crossover.

The pair has closed below 100-DMA on Monday with confirmation on Stochs rollover and RSI slipping below 50.

We see scope for test of trendline support at 1.0345.

Support levels - 1.0455 (sessionlow), 1.0424 (Jan 5 low), 1.0345 ( trendline )

Resistance levels - 1.0497 ( 100-DMA ), 1.0508 (5-DMA), 1.0562 ( 200-DMA and cloud top)

Good to go short on ralies around 1.0490, SL: 1.0560, TP: 1.0455/ 1.04/ 1.0345.
Comment: TP1&2 hit.

AUD slumps on dismal Australia's core CPI print.

Book partial profits. Bias lower. Stay short for 1.0345.
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