Here is an update of the big picture view of AUDNZD. I have little to add on my stance. I contine to be bullish for all the reasons highlighted in previous posts on this blog. Recent economic statistics continue to be more positive for AUD than for NZD. If the combined technical and fundamental evidence does not manage to force a break of the wedge, then it is unlikey to ever happen. There is currently no reason to see why the favoured scenario should not pan out, but as always stay vigilant. A break of 1.2970 will target the 1.3600 region close to the old 2000 high.
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