There’s some good action to be had in the AUD/NZD cross and the triple failure at the 1.1275/95 area has seen us fall back into the 2014 channel.
AUD/NZD Daily chart 13 10 2014
The overall trend for now is still pointing up so a dip to the 100 dma or support at 1.0915 is the best point to grab a long. We need to clear the 1.13 level and the 38.2 fib at 1.1327 to get the next big kick up towards 1.15.
