Long on a AUDNZD wedge
The exchange rate between australian dollar and new zealand dollar has been forming a long wedge pattern since November 2016. It broke up on Jan 6th in a potential long position looking for about 2.35%. We can still win about 1.5% if the wedge completes. There are two resistances levels on 1.057 and 1.063. The MACD indicator showed a cross as long signal the day before breakout.