📌 Buyers attacking and maintaining the pressure!

Since the initial weakness we spotted at the lows, we have seen the birth of an impulsive leg higher:

ridethepig | AUDNZD Market Commentary 02.12.2020


Of course this is very promising, buyers have much rather played the breakup and we got our momentum gambit! Well, for those wondering what rendered the base as valid, I would point you in the direction of the NZ10Y chart which was calling for the end of NZD strength as soon as we approach the 1.00% target.

ridethepig | Replacing the defence in NZ Yields


ridethepig | Australian Yields


We must be clear that in AUDNZD 1.055x contains a lot of interest, the ambitious dream of forcing a straight leg towards 1.075x and forcing our opponent into complete capitulation is far from fiction. We can now attack the breakout and force the aggression. The continuation might be 1.055x -> 1.062x -> 1.075x which keeps NZD under pressure.

Thanks as usual for keeping the feedback coming 👍 or 👎
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A quick chart update here for those holding their lottery tickets;

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And finally we have it...

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audAUDNZDAUDUSDBeyond Technical AnalysisFundamental AnalysisNZ10YNZDNZDUSDRBArbnzridethepigTrend Analysis

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