By ForexMansion.com
The AUD/NZD is still treading water at the 1.35 area, as it closed today at 1.3611. Because of this, the pair still remains bullish in the sense that support is being held. The pair is finding plenty of support, which means new buyers. A break below the 1.3450 area would break the hammer that we found signaling support previously. Without that, the pair seems destined to rise and find the 1.40 area. However, it could find the trading action very sideways until we get new buyers jumping in.
