Micro & Macro :AUDNZD foreshadows ultimate trend reversal
Looking back @ Macro Levels:-
Assies remained on a rollercoaster ride against its kiwi counterpart since 2011. Following later pair remained sideways since 2014 (consolidation phase), although in a fair enough trading range of a 1000 pips between 1.1300 - 1.0275.
Fast Forward :-
Recently, since Nov 2016 (as trump-nomics starts) pair was in triangle/wedge structure. Feb 9,2017 close above 1.0554 has confirmed the triangle break-out. Both Micro and Macro technicals foreshadow a trend reversal cementing the fundamentals, where RBA was less dovish relatively to other central banks while RBNZ on Feb 9 2017 gave clear signal of dovishness, stating that interest rates may remain low for a longer period than market's expectations.
Our favorite Inverse H&S for bullish reversal is on cards producing the neckline at 1.0770 area and on Macro level 1.01382 area, Although Macro levels are bit early to anticipate . Our analysis is backed by Deutsche bank's yesterday's remarks that " Aussie may put gains against $US up to .8100 or beyond "
We are super excited to trade this pair keeping bullish baise once a valid trading setup develops.
Keep following for trade setups...
Thanks and Trade with Care..... :)
Assies remained on a rollercoaster ride against its kiwi counterpart since 2011. Following later pair remained sideways since 2014 (consolidation phase), although in a fair enough trading range of a 1000 pips between 1.1300 - 1.0275.
Fast Forward :-
Recently, since Nov 2016 (as trump-nomics starts) pair was in triangle/wedge structure. Feb 9,2017 close above 1.0554 has confirmed the triangle break-out. Both Micro and Macro technicals foreshadow a trend reversal cementing the fundamentals, where RBA was less dovish relatively to other central banks while RBNZ on Feb 9 2017 gave clear signal of dovishness, stating that interest rates may remain low for a longer period than market's expectations.
Our favorite Inverse H&S for bullish reversal is on cards producing the neckline at 1.0770 area and on Macro level 1.01382 area, Although Macro levels are bit early to anticipate . Our analysis is backed by Deutsche bank's yesterday's remarks that " Aussie may put gains against $US up to .8100 or beyond "
We are super excited to trade this pair keeping bullish baise once a valid trading setup develops.
Keep following for trade setups...
Thanks and Trade with Care..... :)