The Traderszone Network

Published in TZ Latest News 6 July, 2016 by The TZ Newswire Staff

Forex technical analysis: AUDNZD makes a break for it. Well sort of…

A could more hurdles to more freedom, but they are tough ones
I was scanning through some charts and the AUDNZD has some interesting technical dynamics. The pair today is up rather nicely – breaking above the 100 bar MA on the 4-hour chart and the June 24th high at 1.0532. The pair also moved above a couple of topside trend lines that cut across at 1.0510 and 1.0539 respectively (that are the current values).  That is the bullish breaking news.