APosner

Can AUD/NZD get its traction back?

OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
In an uptrend since April 2018 and peaking in August the Aussie has been giving ground to the Kiwi ever since. Having fallen to the trendline is this the place the Aussie returns to Bullish form? Overall momentum is positive but the signal line is sitting with the indicator line. If the signal rise can rise with price and push the bullish Aroon line up this rally may come back retesting 1.1125 and potentially 1.1275. Failure to hold this line means a fall to 1.0725

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