After 3 weeks of watching this pair, we finally have a breakout and a confirmed higher low to work with.
AUDNZD had lower highs and lower lows and then began to bottom and create a reversal pattern. Double bottom there but we are more interested in the head and shoulders pattern. It might be dirty, but it shows a transition from one trend to another, in this case a downtrend to an uptrend. The 1.0410 zone is the swing level we are working with.
AUDNZD had lower highs and lower lows and then began to bottom and create a reversal pattern. Double bottom there but we are more interested in the head and shoulders pattern. It might be dirty, but it shows a transition from one trend to another, in this case a downtrend to an uptrend. The 1.0410 zone is the swing level we are working with.