The AUD/NZD pair is trading near 1.0680 during early Tuesday. The quote seems to form a bullish pennant pattern on the hourly chart and can confirm the upside to 1.0775 if clearing the 1.0690 formation resistance. It should also be noted that 1.0700, 1.0715 and 1.0730 may entertain short-term buyers past-1.0690 and ahead of pleasing them with 61.8% Fibonacci expansion (FE) level of 1.0760. Given the pair manage to remain strong past-1.0760, its theoretical target of 1.0775, followed by 1.0800, can appear on the Bulls’ radar. Alternatively, a downside break of 1.0670 pattern support can recall 1.0660 and 1.0640 back on the chart. However, 1.0620 and 61.8% Fibonacci retracement of its upside from April 08 to 17, near 1.0600, seem to play their role of support after 1.0640, if not then 1.0570 and 1.0530 are likely numbers to the south that the Bears could aim for. AUD/NZD hourly chart Trend: Pullback expected FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD bounces off 200-day SMA as Brexit regains market attention after Easter break FX Street 4 years The AUD/NZD pair is trading near 1.0680 during early Tuesday. The quote seems to form a bullish pennant pattern on the hourly chart and can confirm the upside to 1.0775 if clearing the 1.0690 formation resistance. It should also be noted that 1.0700, 1.0715 and 1.0730 may entertain short-term buyers past-1.0690 and ahead of pleasing them with 61.8% Fibonacci expansion (FE) level of 1.0760. Given the pair manage to remain strong past-1.0760, its theoretical target of 1.0775, followed by 1.0800, can appear on the Bulls' radar. Alternatively, a downside break of 1.0670 pattern support can recall 1.0660 and 1.0640 back… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
