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Aussiestrength

AUDUSD - Northward bound to 0.8950After 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 weekly and daily charts. With the MACD confirming a divergence with price, I'm long with my first target of 0.8950.
Long
by TRADER-RI
AUD/NZD's Multi-Year Cycle in Full Swing [Time For the Bulls]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 truly begun. Target's #1 and #2 have already been hit and the neckline hasn't even broke yet. My 3rd Target is the neckline itself then we really look forward to pyramiding those Buy positions aggressively. This sexy beast is just getting started just like almost all the other pairs with huge Daily and Weekly Head & Shoulder's formations like the Yen pairs just to name a few because they are literally popping up everywhere. I think Year 2016-2017 will be remembered as the year of the Head & Shoulders :) The AUD/NZD and GBP/NZD have a high level of positive correlation with each other so I really expect both pairs to push tremendously higher. The only upcoming event that may potentially hurt any British Pound momentum is the "Brexit" decision which is on June 23rd, 2016 so we'll see but until then I'm bullish FX:AUDCAD , FX:AUDNZD and FX:GBPNZD . However, I'm bearish FX:NZDCAD , FX:EURNZD and FX:NZDJPY which I will talk more about at a later time. Good luck traders, and may all your trades be profitable!
Long
by FractalEyeZ