AUD/NZD Daily
So far the AUD/NZD has done as it was expected to do. The first approach to the 200 day moving average, now at 1.0985 was rejected and we saw a neat correction back to 1.0915.
I have snugged my stop to just below 1.0915 now, as this support really needs to hold in order for this move to continue predictably. While the market consolidates between this support and the 200 day moving average, we have a nice little bull flag forming, which would likely target around 1.1200. For now the pair is being held back by strong resistance at 1.0985.
