AUD/NZD Technical Analysis: Rally mode remains in place, eyes on next strong resistance around 1.0550

• The weakness around the kiwi that was triggered after the latest RBNZ meeting remains in place and continues to support the upside. 
• The AUD/NZD pair broke on Tuesday a key medium-term resistance level and opened the doors to more gains. The next strong barrier to the upside is located between 1.0540 and 1.0550. It should offer some resistance and could lead to a correction to 1.0450. But if broken, the next target stands at 1.0610/20. 
• Technical indicators show overbought readings, but still the momentums in favor of the Aussie remains strong for a test of 1.0540/50. 

AUD/NZD Daily Chart