After four years of a declining aussie dollar, and price reaching close to GFC levels, there has been a slow recovery.
Around mid 2016 price started to trend higher until the first quarter of 2018. There was that stop run again, during New Year 2019, to re-test the lows of 2016 and produce a double bottom.
This movement put price right into the buy zone on the...
Price has broken that bearish 1H trend. Now is testing the estructure of that level. Probably we will see some rebound to the resistance level. If its broke, double-bottom pattern will appear and some new bullish movement will be originated.
Another super awesome 'trade of the ages' on this SVP {Super Valuable Pair}! Another Super Valuable Pair similar to this one with identical price behavior is the FX:AUDCAD .
Remember the NZD/CAD trades opposite to this one due to the negative correlation.
I've been waiting forever for this Inverse Head & Shoulders to complete and lift-off and the party has now...
![AUDNZD: AUD/NZD's Multi-Year Cycle in Full Swing [Time For the Bulls]](https://s3.tradingview.com/z/zEBQcwM8_mid.png "AUD/NZD's Multi-Year Cycle in Full Swing [Time For the Bulls]")
