The AUDNZD pair has been able to re-test the cluster support zones of 1.0210 as seen on the provided daily graph. In our previous report for the pair , we have suggested further appreciation based on the huge positive divergence drawn on RSI14 and the pair moved again to the upside after short-lived correction.
This correction has formed a higher low and that could be a signal of placing a short-term trough in the parity regions.
A daily closing above the middle line of Bollinger bands will weaken 1.0210 and will ease the path towards the classical resistance zones of 1.0285.
RSI14 needs this breakout to clear the value of 50.00 and Aroon may overlap positively in this case.
To recap, long positions remain favored as far as 1.0150 holds and we can increase the size of our contract above 1.0210.