AUDNZD Beginning of an impulse or further consolidation?

12 Ara 2016

The aussie currency should have a slight edge over the New Zealand dollar, in the medium-long term, therefore the AUDNZD should be ready for an upward impulse. Again, it is not a matter of if, but a matter of when. It's either going to go now, or look for a further slow downward consolidation towards the 0.786 Fib and then proceed towards the 1.95 - 2.1 area.

12 Ara 2016

Not

Bullish H&S in formation on the 4hr timeframe. Not a good R/R ratio, given these stop loss and target, but if it breaks the upper daily trend line, the targets are much higher, making it a worthwhile trade. Suggested strategy: enter at market with stop just below head and if the price moves in the correct direction, move stop to break even.

12 Ara 2016

Not

12 Ara 2016

Not

ERRATA CORRIGE: There was a mistake in the original post. I meant " then proceed towards the 1.095 area" (not 1.95).