AUD/NZD watch for breakout one way or the other.

2017년 11월 22일

This pair is consolidating on its run to 1.13, a level that has stumped it for several years. Worth watching political news in NZ as well as financial news from both countries. Notice 40 points dropping in an hour on the recent Australian consumer confidence report on the 14th of this month.

A long here would be up to 1.13, a short would be to (insert shrug emoji) -- take a look a the weekly, and the cliffs it falls off after each failed touch of this years-long trendline.