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AUDNZD Closes in on Target at 1.0670
The AUDNZD has been the best performer so far in April. Back on April 1st, I wrote a post about how the Australian dollar cross was gearing up for a bullish move. Or in my words, a “short-term pop”. The weekly bullish engulfing candle two weeks ago was the first sign that buyers wanted to take prices higher. But the more convincing signal materialized on April 2nd when AUDNZD started to carve a new base above 1.0450. Two days later, the pair was already up 100 pips. Fast forward to today, and there have actually been four separate opportunities to buy AUDNZD. There was the initial breakout and retest of 1.0450 ... (full story)