The AUD/NZD continues to hover above the 1.35 area, and as long as it does – this remains bullish as far as bias goes. A break below the 1.35 area is very poor for the outlook of the pair. However, as long as we stay above that level, one has to fancy their chances at a long position. Of course, we are presently consolidating, and it might take a while to pick up momentum again as we run to 1.40 and beyond.
Written by ForexMansion.com