Ascending triangle pattern indicating high possibility of upward momentum.
Taking into consideration the structure of the price action, it's indicative of forming an expanding triangle if the ascending triangle is rejected,
Formation of bottoming pattern and start of bubble cycle. Positive trend with long term support levels, aim to take profits at the green areas. Save 10% of initial investment for price action breaking highest high.
AUDNZD created a swing low structure.
Fundamental speculation on Australia's economy boom due to energy sector and mining sector; With the high possibility of metals such as Iron and Copper and Oil making headway, it could prove quite lucrative for their economy.
Idea invalid if structure broken.