Thu, 04 Sep 2014 08:02:17 GMT
AUD/NZD 1H Chart: Channel Up
After being on a sideways trend since the end of July to the middle of August the pair received a bullish impetus around 1.0948 on 13th of August. This is evidenced by AUD/NZD forming a bullish channel. Also the weekly and monthly technical studies are strongly bullish, strengthening the case of further appreciation. In the near-term; however, a slide towards