Many people have been trying to pick a bottom in AUD/NZD but the failure to break above 1.1000 will certainly be a worrying factor and now a previously important pivot at 1.0750 is threatening to break. Technical levels don’t work so well in these present markets so that’s why I feel that psychological levels take on even more importance.
I’m not sure which way this pair goes and I’m happy to stay on the sidelines.