This pair is looking interesting. The 1.075 has been a resistance level often since May 2016. Bulls have managed to keep the price above this area and it looks like a bull flag is forming. There are 2 way’s of trading this by either waiting for a buy signal near 1.080 or to wait for the 1.090/10 resistance to break and hold on a larger time-frame. I’m in no hurry to trade this pair and the AUD news was positive last week, although I question the huge deviation on the outcome, so I’m just keeping my eye on this pair for now.

AUDNZD - BULL FLAG 17 APRIL 2017

Source: MARYNA

2 thoughts on “AUDNZD – Making a bull flag after 690p rally and on my watchlist”

  1. Dalmas Ngetich - FOREX.TODAY says:

    I’m really positive that the Aud will trend higher. Looking at the positive data inflow from China, it should boost the Aud in the coming weeks and months.

  2. Maryna says:

    Thanks for your inputs Dalmas – always appreciated and will keep an eye on this pair for sure!

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