AUD/NZD Technical Analysis: Bullish breakout, potential target at 1.0650

• A decline of the Kiwi boosted the AUD/NZD that broke a 7-day consolidation range to the upside, rising on top of the critical resistance (now support) at 1.0600. 
• If the Aussie remains on top, the bias would favor more gains ahead. The next target to the upside is seen at 1.0645/50. Above the next resistance might be seen at 1.0675. 
• The bullish tone is likely to remain in place as long as it holds above 1.0550/60, a confluence of an uptrend line and the 55-day EMA. Key moving averages are turning north again, offering support to the constructive bias for the Aussie. 

AUD/NZD Daily chart

AUD/NZD 4-hour chart