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SHORT 2017 predictions on Crosses - AUD/NZD

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Dollar Australia / Dollar New Zealand (FX:AUDNZD)  
TradeItSimple  
FX:AUDNZD   Dollar Australia / Dollar New Zealand
AUDNZD 2017 Head and Shoulders tradeitsimple neckline
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audnzd 2017 headandshoulders tradeitsimple neckline
AUDNZD

Currently trading within a contracting range, so we’ll get get some kind of resolution quite soon.

I am bit more bullish here, because of these two head and shoulders patterns.

I am looking for a break above 1.0800 to trigger the smaller one, which is also important because of the major falling trendline, for a move towards the neckline of the larger head and shoulders at around 1.1300 and if we get a break there – target the 61.8% breakout target which is also former broken support area around 1.2100

For full 2017 predictions on crosses click here

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2017 predictions on Crosses - GBP/NZD
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