FX:AUDNZD   Australian Dollar / New Zealand Dollar
This long trendline from early 2009 was tested several times (blue arrow) over the last three years. I originally when long earlier last week when it tested 1.2585 and came out really shortly to wait for a better signal. Unfortunately, price action broke the trendline. I was hoping for a false breakout. but the weekly close below the line makes me wonder if further weakness is on the horizon for this pair. We shall see next week.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.