Aussie / Kiwi Cross Long Term Support
Oct 25th, 2008 | By MichaelFox | Category: Trading IdeasThe 1.05 area is significant support for the AUDNZD and has been since the late 1980s. In the summer of this year, the AUDNZD surged through a long term resistance line, but the break proved false. Now testing 1.05, the pair is nearing a breaking point. A long term direction will eventually be established; with a break above the trendline or a break below 1.05.
