FX.co ★ AUD/NZD remain bearish below major resistance

We remain bearish looking to sell on strength below 1.0494 resistance (horizontal swing high resistance, Fibonacci projection) for a push down to 1.0418 (Fibonacci retracement, horizontal overlap support).

RSI (34) is seeing major resistance below the 56% level and is displaying bearish divergence vs price.

Sell below 1.0494. Stop loss at 1.0520. Take profit at 1.0418.