NAB Research discusses AUD/NZD technical outlook and maintains its one-month target around 1.0810, which should signal a completion of the cross recent 3-weeks correction.
"1.0775/1.0825 should remain a level of resistance that is difficult to overcome in the MT.
Upside risk towards MT resistance around 1.0810/15 (50-week MA / weekly cloud base) remains high.
No sign of a complete correction as yet after three consecutive up weeks. On alert for a correction failure / completion above 1.0800," NAB argues.