AUD/NZD In a beautiful channel going up.

If we see the bears get in further control we could head down out of channel to 0.618 area which matches out support areas.

If the bulls stay within this channel we will see a re-test of bullish momentum areas and could go towards 161.8 high areas to the next resistance areas.

Patience is key!

Just a trade idea, not a recommendation.
audAUDNZDbreakoutChart PatternsTechnical IndicatorsNZDTechnical AnalysistradeideaTrend Analysis

Disclaimer