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ForceFollower

AUDNZD H1: Horizontal Ranges in a Bullish Channel

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
ForceFollower  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Parallel Channel ranges
4
5
parallelchannel ranges
The AUDNZD pair keeps moving in horizontal ranges while advancing higher within a channel. It looks like another leg up may be in the making. First, probably toward the resistance around the 0.8 level. The AUD is still relatively strong (on the verge of being neutral though), while the NZD is the weakest currency of all the majors.
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