We are still short this market whilst JPY is still showing strength and AUD at the opposite extreme. However, watch this market in the next few weeks for signs of reversal when the 71.00 zone has been reached.
A big change in risk would be needed to move this market beforehand.
AUDNZD might be ready for a reversal on a zone of resistance.
AUD has been bullish for quite long now and the indicators start to show divergence.
The reversal zone has been serving as Support or Resistance in July 2014, May 2015, end of January 2016.
We might want to wait for an optimal entry point and then let the market decide how this will go - possibly with...