Technician

AUDNZD: Finally a BULLISH setup completed!

Long
Technician Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Heads Up mates, this pair has completed multiple bullish technical signals.

  • The price has been consolidating in a sideways range for the past multiple weeks
  • The consolidations was around multiple long term rising trend line clear on the weekly charts.
  • The consolidation was in the shape of an inverse head and shoulders bottoming pattern
  • Today's giant bullish candle completed a breakout above the Inverse H&S neckline in addition to the falling trend line for the latest bearish trend
I am looking to buy this pair on a pullback to 1.0525-1.0535 area. I will post my trade when I initiate it.

Trade with Care
Best
Technician
Comment:
We might head to resistance outlined in chart before pulling back again.
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