Here is the AUDNZD chart, as mentioned below. If anyone out there has more data I would be grateful if they could leave a comment and then maybe we can arrange for the data to be sent over to me so that I can get a better history. In any case we can see that the pair has been trading in a monthly wedge for the last twenty years. However the recent attempt at meeting the lower wedge support has been rejected with a swift push higher again. Based on the reasoning below I favour a return towards the recent high at 1.2970, and then should the wedge break to the upside, I have projected targets at 1.3180/1.4170/1.4760 further out.
No comments:
Post a Comment