{"id":58043,"date":"2011-05-02T11:40:38","date_gmt":"2011-05-02T01:40:38","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/05\/02\/audnzd-ready-for-break-out\/"},"modified":"2011-05-02T11:40:38","modified_gmt":"2011-05-02T01:40:38","slug":"audnzd-ready-for-break-out","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/05\/02\/audnzd-ready-for-break-out\/","title":{"rendered":"AUD\/NZD Ready For Break-Out"},"content":{"rendered":"<p>\n\tBy Rudi Filapek-Vandyck<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/AUDNZD_Wizard_1.jpg\" style=\"width: 670px;height: 417px\" \/><\/p>\n<p>\n\tThe TechWizard reports it looks like AUD\/NZD is setting up for another rally higher. He thinks there could be another significant break-out on the cards for the next few trading sessions.<\/p>\n<p>\n\tBack in February, notes the Wizard, AUD\/NZD rallied to the top Bollinger Band, then held for a few days and subsequently broke out higher, establishing a new strong uptrend during the process. He suggests we may be about to witnessa repeat of that process in the days ahead.<\/p>\n<p>\n\tThe weekly chart is bullish, he reports, with AUD\/NZD seen bouncing off the 20 moving average (M\/A).<\/p>\n<p>\n\tThe Wizard suggests traders should watch for a break of 1.3645 as that will move the target to 1.4000.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/AUDNZD_Wizard_2.jpg\" style=\"width: 670px;height: 398px\" \/><\/p>\n<p>\n\tThe TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au. All views expressed are the TechWizard&#039;s, not FNArena&#039;s (see our disclaimer).<\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we <span>apologi<em>se<\/em><\/span><em>, but technical limitations are to blame.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TechWizard reports it appears AUD\/NZD is setting up for another break-out.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[29],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58043"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=58043"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58043\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}