AUDNZD Long

The Aussie has gained on the Kiwi from Parity of March 2020 and has risen to 1.08 , with a 3 mth period of consolidation.

A breakout of this consolidation may occur . The bias is to the long side. ( with alignment of all 4 short term Daily MAV within the last 2 bars) .


1. Enter Long - on present bar

2. Target - 1.1475 ( 618 extension of swing from parity) . In doing so, it will encounter resistance from year highs of 2015-2018.

3. Stop - 1.0550 ( below swing low) . A more aggressive stop 1.0660 ( 3atr)

4. RR = 2