AUD/NZD 1H Chart: Channel Up

AUD/NZD 1H Chart: Channel Up There is a bullish channel emerging on the hourly chart of AUD/NZD, as the Aussie has been generally outperforming its New Zealand counterpart for the past 150 hours. According to the pattern, the currency pair should be supported by 1.0649 (rising resistance line and 200- hour SMA) and then head towards 1.0778, where it is supposed to meet the upper trend-line after breaking the monthly pivot points at 1.0696 and 1.0745.

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