AUD/NZD: Chart Of The Day

The dips may be limited to the 1.0480 level, as this would try to carve out the inverted shoulder pattern and that would be the right shoulder (1.0480). The pair is naturally bullish as we came out of a descending wedge last week. The neckline, or resistance, will be at the 1.0554 level, which is the 38% Fibonacci retracement of the November move lower. 
AUD/NZD Daily Chart.
This site uses cookies to offer you a better browsing experience. By browsing this website, you agree to our use of cookies.