AUD/NZD Technical Analysis: Bears eye 1.0365 although indicators lean bullish, targetting 1.0460

• AUD/NZD hourly stochastic is oversold as price tests the near term trendline support, pointing towards a continuation of an upside correction of the 26th Feb lows down at 1.0389. 
• However, a break of the trendline support will open an advance towards 1.0385 and then 1.0365 support lines ahead of a deeper leg towards 1.0310 and 1.0220 on the wide. 
• A rise to the upside will look to test the descending trend line resistance on the daily sticks located around 1.0450/60 and comes as a possible breakup area where bulls will look ahead to the 38.2% Fibo retracement target of the late 2018 downtrend from 1.1175 - This is located at 1.0568. 

AUD/NZD daily chart