After a consolidation, the cross mayresume its uptrend as the globaloutlook is still bullish after the breakabove a key resistance around 1.1440last week. The AUD/NZD may returnto last week’s high at 1.1585. Abovethis threshold, resistances stand at1.1662 (September high pivot) andmainly at 1.1740/80 (medium termretracement and bearish channel). Abreak below 1.1425 would invalidatethis scenario in the very short term.Buy – Stoploss @ 1.1449 – Target @1.1659.
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