AUD/NZD is in downtrend on weekly and on monthly chart. On a large view it is in sideways trend. So I expect it to remain in range. Currently it has reached its first support at around 1.083 level.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising from 1. 128 level.
2. CCI is headed downward.
3. On Balance volumes falling as compared to earlier ones.
4. Ichimoku Cloud suggests it is in uptrend.
Monthly chart:
As m…
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