AUD/NZD on daily chart came close to key resistance area 1.0750. In this region it has set several previous highs and now, is shown another reaction of supply. In line with the trend which has occurred since the middle of last year, the price should now start to fall.

Interesting is situation on this pair if we look from a much more distant perspective. On monthly basis chart shows that the current price is close to a wide support area which spans for more than 20 years. In this context, you can consider a possible breakout of resistance on the daily chart as a harbinger of potentially greater bullish movement.

Error, group does not exist! Check your syntax! (ID: 3)