TECHNICALFX
Long

POTENTIAL BULLISH OUTLOOK ON AUDNZD WEEKLY

FX:AUDNZD   Australian Dollar / New Zealand Dollar
347 0 3
Price has breached and closed above the weekly trendline .
If price breaks and retests the 1.13 resistance area and shows bullish continuation there is potential longs.
Potential bullish ABCD patten.
Potential Risk to Reward shown.
There is a possible inverse head and shoulders , with the right shoulder showing the weekly higher low at the 61.8 retracement level.
We could possibly await further bullish trend characteristics before taking any long positions.
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