The most interesting pair you can make money with - AUD/NZD

AUD/NZD: bullish ranging near bearish reversal area. The pair is bullish on market condition: price is located above Ichimoku cloud in the primary bullish area of the chart within the following key support/resistance levels:

• 1.1084 resistance level located above Ichimoku cloud in the beginning of the primary bullish area of the chart, and
• 1.0494 support level located far below Ichimoku cloud in the bearish area of the chart.

Chinkou Span line is located near and above the price which makes the reversal of the price movement from the primary bullish to the primary bearish market condition to be very likely in the near future.

There are 3 simple scenarios for the price movement:

• reversal to the primary bearish market condition in case the price breaks 1.0494 support level on close weekly bar: the price will be reversed to the bearish market condition,
  
• bullish trend to be continuing in case the price breaks 1.1084 resistance from below to above,
• or the ranging within the levels.