By ForexMansion.com
The AUD/NZD has busted through the 1.35 area, fell back and found support, and now seems content to rest at these levels. This is typical as strong bullish runs like we have seen in this pair typically need to consolidate in order to keep going. Because of this, the bulls seem to be firmly in control, and it appears that the only real trade in this pair is to either be flat, or to be long. Selling isn’t advised until we see a massive plunge in the exchange rate. Longs are comfortable above the 1.35 area.
