I am not expecting a fast drop, i think this channel resistance is good place to trade the range for at-least the next 4 weeks . The game plan is to long on pullback sub 1.0600 area and build on shorts above 1.08xxx area. I have been super bullish on aud/nzd on my earlier ideas, but now its time to reap some benefits from pullback. Its hard to comprehend at this point what fundamental catalyst would give NZD upper hand over AUD. The forward guidance from RBNZ and RBA would offer clues down the road.
