Mon, 20 Oct 2014 07:42:12 GMT
AUD/NZD 1H Chart: Falling Wedge
At the first part of October, AUD/NZD failed to approach the 1.13 level. After many unsuccessful attempts to do so the pair started declining, thereby forming a falling wedge pattern.
Currently, the currency pair is challenging the upper trend-line, thus increasing the possibility of a break-out to emerge. Moreover, the fact that the Aussie is holding above the 1.10 mark is