FX_IDC:AUDNZD   Australian Dollar / New Zealand Dollar
NZD should bounce back after election fade, and AUD still weak.
Trade active: Didn't quite fill, give it another week
Very clear diamond structure on monthly basis, this could imply breaking up that long term range mode by the north. I'm personnally strong long on this one (will secure some profits near your target actually) but sure holding some longs in the background if we ever decide to exit the diamond !
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elroytrader1 PRO_Indicators
@PRO_Indicators, A lot of fundamentals in play here, Aussie gov majority, NZ Labour gov. I hate Fs they get in the way of technical beauty. So in short, you may be right, but who knows.
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PRO_Indicators elroytrader1
@adatherton, agreed ! who knows ! anyway we're on the same page about an initial bear reaction near the highlighted levels ;)
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