AUD/NZD Technical Analysis: Waiting for AU jobs data in a range

• Price moving sideways, consolidating after Tuesday’s sharp decline ahead of the Australian jobs report.  
• Potential double bottom at 1.0860, a breakout of the neckline at the 1.0900 area targets 1.0930.
• Bearish pressure likely to emerge if it drops under 1.0860; the next support is seen at 1.0825.  

AUD/NZD 1-hour chart  

Spot rate:                   1.0890
High:                          1.0903
Low:                           1.0860

Trend:                        Sideways

Resistance 1:            1.0900
Resistance 2:            1.0925
Resistance 3:            1.0955

Support 1:                1.0860
Support 2:                1.0825
Support 3:                1.0775