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capitalpropertiesfx

AUDNZD looks heavy

Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
capitalpropertiesfx  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
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In bigger picture, this pair is actually in a very decent downtrend, however, in medium -term things are a bit more complex.
Currently AUDNZD looks heavy but a better confirmation would be a clear break of the former neckline. If that happens then we could see fast move towards 1.0930 area.

Time will tell. Watching.
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