Bullish Future for AUD/NZD

10° Trend angle meaning there is a steady strong trend against the Kiwi, Expecting a positive run up in the next few months. "Both are considered carry currencies, both RBA and RBNZ are stubbornly dovish, they are heavily dependent on trade, their connection to China is approximately even."
AUDNZD entering key area of long term Ascending triangle, and with the rising price of XAUUSD hence we should see a more volatile market.

Commentaire:

Note, expect rapid volatility in the next few months it will not move right away

Commentaire:

+230 pips
2nd PT @1.12

Commentaire:

Out @1.11