asiansupermarket
Long

AUDNZD breakout from closing triangle + reversal zone 1hr 1month

FX:AUDNZD   Australian Dollar/New Zealand Dollar
103 0 0
Price range is getting tighter in the reversal zone, which means a breakout is likely to occur. The trade is long bias because of the moving averages above the PRZ; I expect a bounce and touch of the 8 and 20 day MA. If the price goes south past the triangle we can expect a move to at least 1.06150 over the next couple sessions.
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