Break of Key Resistance at 1.09:

AUD/NZD has successfully broken through the key resistance level at 1.09, which previously acted as a strong barrier. This breakout indicates potential further upside momentum, turning the 1.09 level into a new support.

Technical Indicators:
RSI is confirming the breakout, moving out of neutral territory, which reinforces the likelihood of a continued upward trend.

Moving Averages:

The 21 EMA has crossed above.

Risk Management:
Since the previous resistance at 1.085 has been broken, consider placing the stop loss just below this level to manage downside risk. If the price continues higher, consider using a trailing stop to capture gains as they accumulate.
Chart PatternsTechnical IndicatorsTrend Analysis

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