At the resistance zone sellers are active in the currency pair.

If the pair closes above 1.07142 on a daily basis we can expect buying coming in the action and can outperform the sellers.

If the pair closes below 1.06350 we can see sellers outperforming the buyers in the market and can pull the price lower. There is divergence seen between the price and the RSI which is suggesting a weak move.

A candle closing below the mentioned level can be a confirmation to sell the pair.

Advice : Sell if the pair closes below the mentioned level.

AUD/NZD

KUNAL KAMBLE

Jan 27 2022