AUD/NZD ascending triangle formation
The AUD/NZD is making higher lows on the 30M chart, while mainting even high points, thus forming an ascending tirangle, which tells us the buyers are picking up some steam. Additionally, they have crossed the RSI 50 point. Therefore, our short term bias is bullish, and we're looking to buy the pair on a break of the highs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.