Get started
TradeItSimple

SHORT 2017 predictions on Crosses - AUD/NZD

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
TradeItSimple  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD 2017 Head and Shoulders tradeitsimple neckline
6
0
audnzd 2017 headandshoulders tradeitsimple neckline
AUDNZD

Currently trading within a contracting range, so we’ll get get some kind of resolution quite soon.

I am bit more bullish here, because of these two head and shoulders patterns.

I am looking for a break above 1.0800 to trigger the smaller one, which is also important because of the major falling trendline, for a move towards the neckline of the larger head and shoulders at around 1.1300 and if we get a break there – target the 61.8% breakout target which is also former broken support area around 1.2100

For full 2017 predictions on crosses click here

Related Ideas

TradeItSimple
2017 predictions on Crosses - GBP/NZD
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.