AUD/NZD Technical Analysis: Bulls need to clear 1.0360 horizontal resistance in order to justify their strength

• AUD/NZD is on bid near 1.0350 during early Monday.
• In spite of registering gradual recovery since Wednesday, the quote couldn’t surpass 1.0360 horizontal-resistance nearing March 06 low and highs marked during March 08 and 11.
• However, an upward sloping trend-line connecting Thursday and Friday’s low, at 1.0340, portrays the buyers’ power.
• Should the quote manage to surpass 1.0360, it can quickly rush through 1.0380 in order to aim for 1.0400 resistance.
• Also, sustained advances past-1.0400 may help pair to aim for 1.0420 and 1.0435 north-side numbers.
• On the flipside, pair’s dip beneath 1.0340 support line can recall 1.0320 and 1.03000 levels on the chart whereas 1.0290 could challenge the sellers afterward.
• In a case prices continue sliding under 1.0290, 61.8% Fibonacci expansion of its moves from March 05 to 14, at 1.0270, can please bears.

AUD/NZD hourly chart