AUDNZD still very bullish
similar to AUDUSD,
AUDNZD is also very bullish,
price tested and bounced from uptrend trendline support last friday, it bounced impulsively and broken
the corrective channel (in red) above and retested it today.
This is a very good long opportunity for upcoming impulsive move up.
Fundamentally AUD is also much better than NZD as NZD is still weighted down by low milk price while AUD is enjoying structural shift from heavy mining to more service based economy, and a great boom in employment.
be sure to use good money management on every trade.
AUDNZD is also very bullish,
price tested and bounced from uptrend trendline support last friday, it bounced impulsively and broken
the corrective channel (in red) above and retested it today.
This is a very good long opportunity for upcoming impulsive move up.
Fundamentally AUD is also much better than NZD as NZD is still weighted down by low milk price while AUD is enjoying structural shift from heavy mining to more service based economy, and a great boom in employment.
be sure to use good money management on every trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.