SamKent
Long

AUD/NZD ascending triangle formation

FX:AUDNZD   Australian Dollar/New Zealand Dollar
59 0 1
The AUD/NZD             is making higher lows on the 30M chart, while mainting even high points, thus forming an ascending tirangle, which tells us the buyers are picking up some steam. Additionally, they have crossed the RSI 50 point. Therefore, our short term bias is bullish , and we're looking to buy the pair on a break of the highs.
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