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  • AUD/NZD longs are pulling the plug and have been doing so since breaking the first key support line mid-Feb at 1.0434.
  • AUD/NZD has taken a bearish turn and the trend lines have tracked the lower highs, putting the 1.03 handle under pressure.  
  • Bulls need to get back above the  23.6% Fibo at 1.0454 to alleviate immediate pressure and above the 38.2% at 1.0450.  
  • The key upside  target  is the 50% Fibo in the 1.0740s.

AUD/NZD daily chart Fibos