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Timonrosso

AUDNZD showing upside to 1.1484 but with concerns

Long
Dollar Australien/Dollar Néo-zélandais (OANDA:AUDNZD)  
Timonrosso  
OANDA:AUDNZD   Dollar Australien/Dollar Néo-zélandais
Trend Analysis Chart Patterns Fundamental Analysis AUDNZD audnzdlong audnzdanalysis audnzdforecast
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trendanalysis chartpattern fundamental audnzd audnzdlong audnzdanalysis audnzdforecast
AUD/NZD formed a Cup and Handle
Price <200 but 7>21
Target 1.1484

CONCERNS:
Sideways movements is leading concern where the price could just drop from here. The breakout is not entirely strong but we'll need to wait and see.
I'll remain with a bullish bias.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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