AUDNZD is our Trend for Today
The AUD/NZD’s current countertrend move appears to be running into a wall of resistance made up of the 200 SMA and the 61.8% Fibonacci resistance level in the 1.2090 neighborhood. Daily stochastics remains oversold and MACD seems to be roll over. Wait for a daily candle close below the red trend line to confirm the resumption of the daily trend.