AUDCNY Falling Wedge Breakout Price has broken out of the falling wedge and established a nice inverted H&S pattern (in green and head in white)
Price should find a support at this right shoulder point and move upwards from here
Weekly timeframe
CNYAUD trade ideas
Expecting more drops for CNYAUDAgain, another chart I've concocted ~24 hours ago, and I see a few goals got hit already. Wonderful! I've added a few more, as I see no changes on the horizon for this pair. One thing a more or less definite - bearish pair. I always say this, and I will say it again, nothing I say is financial advice. Think for yourselves! Fibonacci goals in green or purple, invalidation is in red. Fractals never lie and Fibonacci series shows us a few goals out of a million or more possibilities.
AUD Currency: Birth of a New Bull Market Starting Now
Buy AUD Currency, I just mean the Australian currency itself. Now, I've been bullish AUDNZD and the Australian economy for a week now...buying pullbacks. This is a currency chart of the Aussie currency itself. If this week closes positively, then this is very good for this currency and will be part of one of the confirmations that I am looking for to stay long.
I am long AUDNZD and AUDUSD, however, AUDNZD is the most undervalued of the two.
