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AUD/NZD 4H Chart: Near Broken Trend Line

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Dólar Australiano/Dólar Neo-Zelandês (FX_IDC:AUDNZD)  
UnknownUnicorn890690  
FX_IDC:AUDNZD   Dólar Australiano/Dólar Neo-Zelandês
Trend Analysis Chart Patterns Technical Indicators aud NZD AUDNZD australian dollar NEW zealand
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trendanalysis chartpattern indicator aud nzd audnzd australian dollar new zealand
The situation on the AUD/NZD charts is quite rare. The pair has broken the resistance of a massive scale triangle pattern. The break out occurred in the borders of a dominant channel up pattern, which is set to guide the rate higher in the long term.

Meanwhile, in regards to the smaller scale situation, the pair has retreated in an almost obsolete channel down pattern in the borders of the channel up pattern. The channel down is set to be broken because of the support of the ascending channel.

In addition the situation is complicated by the still active resistance of the triangle pattern near the 1.1150 mark.
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