[AUD/NZD] Risk on may drive the AUD to rise.

Opera House, Sydney, Australia

After shutting its international borders for nearly 600 days due to the pandemic, Australia welcomed its first group of foreign visitors on Monday as the country took steps to gradually lift restrictions again.

Technical Analysis

For time-frame 1 day as shown, the price is moving inside bearish flag and above Fib Retracement level 0.236. RVI reading is growing from 20 to 44, and MACD is below signal line with recovering.

1st option: its better to wait for moving the price out of the bullish flag. Buy above 1.0540 with target 1.0690 and 1.0805 with stop loss at 1.0270