During the pair’s further upside beyond 1.0460, a monthly high near 1.0500 will be in the focus.
Meanwhile, sellers will wait for the entry unless prices decline back below 23.6% Fibonacci retracement level of 1.0360. However, a 200-bar SMA level of 1.0415 can offer immediate support.
Should there be further weakness in the AUD/NZD prices below 1.0360, the current month’s low near 1.0315 may act as an intermediate halt to 1.0300 round-figure.
AUD/NZD four hour chart