AUDNZD Weekly Look - time to start building long positions

26 May 2017

Here we can see the weekly chart and the AUDNZD is forming a wedge pattern which could go as low as 1.04. I will start building long positions in the area under 1.056 at key points, my stop will be a daily close break below the triangle.

First target will be 1.075, with a secondary target of 1.09.

See similar idea from BLUE43 for key area's to go long.

31 May 2017

Not

In the buy zone. Could we be seeing sub 1.04? I guess we'll find out.

2 Haz 2017

Not

Buy limit orders at 1.035 - 1.038. SL 1.033

3 Haz 2017

Not

Volumes starting to pick up now, will it proceed the price?