LONG AUD/NZD
theforexportal is LONG this morning from 1.04444.
The blue support line on the daily time frame appears to be holding again and price is climbing up the rising trendline shown.
This trade has huge potential as this pair remain in the lower fib area under the 23.6 level so the scope for a move north is massive.
I have a STOP under S61 support at 1.0400.
Lots of headwinds ahead but should this trade make progress and attack the 200 sma on the DTF (1.06 area) we will have a squeeze situation and should the BULLS defeat the 200 then we are off to the stars.
The blue support line on the daily time frame appears to be holding again and price is climbing up the rising trendline shown.
This trade has huge potential as this pair remain in the lower fib area under the 23.6 level so the scope for a move north is massive.
I have a STOP under S61 support at 1.0400.
Lots of headwinds ahead but should this trade make progress and attack the 200 sma on the DTF (1.06 area) we will have a squeeze situation and should the BULLS defeat the 200 then we are off to the stars.
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