AUD/NZD trades well above major resistance 1.1300,targets 1.1578

AUD/NZD has broken short term resistance 1.1300 and is currently trading near day’s high 1.14268.

Break above 1.1300 will target 1.1560/1.15780 level.

Short term weakness only below 1.1350 level. Any break below 1.1350 will drag the pair further down till 1.1280.

It is good to buy around 1.1420 with SL around 1.1350 for the TP of 1.1560/1.1580.