AUD/NZD Technical Analysis: Bullish outlook, eyes on 1.0700

• The AUD/NZD pair kept rising last week from multi-year intraday lows and today reached at 1.0670, the highest in early December. 
• The short—term outlook continues to point to the upside. Above 1.0660 the next target is 1.0680 and above a test of 1.0700 seems likely. On top of 1.0700 not much resistance is seen until 1.0800. 
• A critical support for the bullish outlook is hte 20-day moving average at 1.0550; it turned last week to the upside and is approaching the 55-day MA from the downside. 
• The key support continues to be 1.0450: a daily close significantly below would open the doors to another leg lower. 
• Key events ahead: NZ CPI on Wednesday (22:45 GMT) and AU Employment on Thursday (00:30 GMT). 

AUD/NZD Daily chart