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AUD/NZD consolidates strong bear trend

FXStreet (Guatemala) - AUD/NZD is trading at 1.1075, up 0.07% on the day, having posted a daily high at 1.1083 and low at 1.1054.

AUD/NZD has bottomed out on the bear run and consolidates between 1.1055 and 1.1080 and is currently attempting the upside on the short-term charts meeting the resistance of the channel. The pair remains in highly negative territory and continues to come with a bearish bias.

AUD/NZD noteworthy levels

With spot trading at 1.1076, we can see next resistance ahead at 1.1079 (Hourly 20 EMA), 1.1083, 1.1088 (Daily Classic S2), 1.1121 (Daily Classic S1) and 1.1121 (Hourly 100 SMA). Support below can be found at 1.1068 (Daily Classic S3), 1.1060 (Weekly Classic S1) and 1.1055.

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