Technical test of weekly trendline, currently testing resistance at .08040, forming bullish flag on H4. With an oversold AUD and negative rates set yesterday by SNB, fundamental picture also looks good, as does the mean reversion picture.
NZDCAD fizzled out :( Good you lost interest quick. Forming a head & shoulders might be a short if oil wants to test 63. AUD needs a big turnaround starting with AUDNZD which is at important resistance which you probly know. EURGBP too. Just a heads up :) Merry Christmas! Good luck!
Cheers! Seems they're both making a move now in these quiet markets, and yes, AUDNZD looks good! Have been in it a while but the fundamental picture still seems to support more downside. Will be an interesting one to watch I think. All the best for New Year.
Yes at last :) NZDCAD milk vs oil is hilarious I think. If the Politburo bans milk in China tomorrow that will be better! Been short AUDNZD shedding positions to almost nothing now. Looks like it could go down more but I have a feeling this is a fake out with nothing to back it up other than I want the lazy long trade :) Happy New Year!