In AUDNZD there was a large sell off from the summer of 2012 until early 2015, from 1.30 to just above parity. Price has since been consolidating forming a ‘pennant’ which according the textbook, is a continuation pattern. In December we broke out of the ‘pennant’ to the downside and we’ve since retraced to the base. All Ichimoku indicators are aligned to indicate...