After meeting our previous suggested technical objective areas, the AUDNZD has bounced sharply, encouraging us to analyze the bigger time frames.
Over weekly studies, we have caught some technical factors that should send prices higher over upcoming sessions as follows:
-Prices have positive divergence alongside bullish overlap as seen on the Know Sure Thing indicator.
-The AUDNZD pair is presently flirting with the median line of Pitchfork channel after drawing pin bar last week.
-Aroon indicator is positive.
-Column Parabolic SAR- colored in light blue- carries the movements from the underside.
Accordingly, longs are preferable over upcoming period, aiming to challenge 1.12 regions.