Week 28 AUD?NZD Bullish
Updated
Price's been ranging in this trench for the past month and seems to be gathering energy for a break out and I believe will be a break up north. COT data shows extreme divergence for NZD and I suspect a free fall for NZD to happen soon (XXX/NZD bullish).
I will long if price is able to reach 1.0373 to form a double bottom. First resistance at 1.0527 and subsequently 1.0636.
I will long if price is able to reach 1.0373 to form a double bottom. First resistance at 1.0527 and subsequently 1.0636.
Note
AN did not hit my limit and shot right up. Expecting 1.05x to be retested again before making its move
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