The AUDNZD looks poised for higher prices.

The AUDNZD is above the previous support from February at 1.0550 and also the descending trend line from March. This break higher is putting the 200dma in view, but the risk (while above the 1.0490 level) is higher and we’d target the 127% extension at 1.0696 initially once we clear the 200dma on a closing basis.

Blake Morrow