SamKent

AUD/NZD POSSIBLE TREND REVERSAL

Long
FX:AUDNZD   Australian Dollar / New Zealand Dollar
1
The AUD/NZD 4H chart is threatening to break the kumo to the upside on the back of kijun support. This breakout could be quite significant, given the prolonged amount of time the pair has been trading below the kumo. The reversal in trend also makes sense given the round bottom we've got recently, which is often the base and accumulation for an emerging market momentum.