AUDNZD Bullish Wedge

8 Mar 2019

Looks like a legit bullish wedge here in the making, giving a good opportunity for a swing trade. On the right we can see the low might have been set already, but ideally we make one more drop. I think if the red resistance breaks, could be confirmation of the low being set already.



Previous analysis:

8 Mar 2019

Not

Looking good so far, first batch is in, waiting for some confirmation first for the other half.

19 Mar 2019

Not

Dropped a bit below the wedge but already inside of it. Based on the pattern to stay reliable, it should stay below the green zone. There is nog conviction of the bulls at all, so it could take a while longer for the price to move up.