Possible Long AUDNZD based on strong S&R, CoT reports, potential head and shoulders pattern, as well as a triangle pattern formation. After a long period of NZD strength against AUD the CoT report shows dealers have been placing more long positions on AUD whilst reducing long positions on NZD. Also, AUD is underpriced in a correlation strategy with JPY regarding NZD.
Chart PatternsTechnical IndicatorsTrend Analysis

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