AUD/NZD Technical Analysis: Bullish, near a key resistance

• Pair holds a bullish outlook ahead of RBA and RBNZ but trades near a strong resistance area. 
• Between 1.0975 and 1.1000 the pair has a significant barrier that includes the 61.8% Fibonacci retracement of the Nov-Apr slide. 
• Consolidation on top of 1.1000, likely to signal more gains ahead with immediate target at 1.1050. 
• A retreat below 1.0940 to signal that the range 1.0970-1.0850 is still in place. 

AUD/NZD 15-minute chart

AUD/NZD Daily chart

Spot rate:                   1.0975
High:                          1.0978
Low:                           1.0951

Trend:                        Bullish/Nuetral

Resistance 1:            1.1000/05
Resistance 2:            1.1025
Resistance 3:            1.1055

Support 1:                1.0940
Support 2:                1.0910
Support 3:                1.0870