AUDNZD: GO LONG

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/NZD as long as the price remains well above 1.0800 NZD. The buyers' bullish objective is set at 1.0795- 1.0810 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0905 NZD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.