October bull-run: The 4H AUD/NZD chart shows a bullish market in October. The RSI shows persistent bullish momentum. Price action has been held above a couple of rising trendlines. After breaking above the 200-SMA, the market consolidated, but held mostly above the 1.26 handle. It respected a rising trendline, 200-SMA as well. Momentum has neutralized a bit, but we are seeing some attempt at bullish continuation this week. The focus at the moment is at a near-term consolidation trendline resistance, above which the 1.2673 high is to be tested. Bullish continuation targets: The daily chart shows a market that is in a ... (full story)