ridethepig | AUDNZD Market Commentary 20.01.2021

📌 ridethepig | AUDNZD Market Commentary 20.01.2021

This chart illustrates the remaining crumbs in AUDNZD which is worth further study. The position from the previous diagrams continues and we are set for taking the next main target at 1.089x/1.090x.

Now, buyers have overcome their difficulties in development, the base is optimally protected from AUD inflows via the commodity side. Happy to continue holding AUD against the bird, and is a nice way to express a dovish view on NZD.

Thanks as usual for keeping the feedback coming 👍 or 👎