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capitalpropertiesfx
May 19, 2014 8:40 AM

AUDNZD broken trendline 

Australian Dollar/New Zealand DollarFXCM

Description

Interesting setup in this pair and based on what I see, I tend to favor the upside. I really like the combination of that broken (and re-tested) trendline + a possible triangle. For bullish setup to gain momentum first we need is a solid breakout from that triangle.
How far higher?. I tend to favor more visible targets in this pair and for me the last consolidation area looks very promising. Time will tell, if this one proves to be right.
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