AUDNZD may stage a bounce.

Now that everyone is bullish the NZD, the AUDNZD may be ready for a bounce. The horizontal support held from July and also the 127% Fibonacci extension of the last move higher. The bounce may be fairly limited to the 200dma near the 1.0650, but that may be a reasonable expectation if the AUDNZD can get back above the 1.0600 level now. Daily RSI was also divergent on the last move lower this week.