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rg144
Feb 14, 2015 2:05 PM

AUDNZD - BIG 20 YEAR Reversal Level now Long

Australian Dollar/New Zealand DollarFXCM

Description

These levels (LOWS @ ~1.0350) go back to 1995 - 1997. We are at huge 20 year triple bottom lows.

Whilst there is every chance we could overshoot and break these lows I expect a big reversal very soon and plenty of upside going forward. Watch out for false breaks to the downside followed by sharp reversals back up.

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