MtxTrader

AUDNZD Bullish off Inverted Head & Shoulders

Long
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD has formed an inverted head and shoulders, and has broken the resistance neckline in a strong bullish candle.

The gap has been closed, and the first candle of this week is very bullish. It will not be a straight shot to the low teens for this pair, but it should get there by the end of the month.
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