AUD/NZD - DAILY CHART,

A POSITIVE DIVERGENCE ON DAILY...

AUD/NZD pair is stuck in nice consolidation since September 06. Now we're seeing a positive divergences on Daily charts just look out the indicators like RSI, MACD and CCI. As long as it stays below 1.1477 and stays above 1.1141 we see the further consolidation. Well even this pair formed the Inverse Head and Shoulders patten. The head is 1.1052 and the two shoulders are 1.1143 and 1.1141. If the 1.1141 takes off then we see the failure of Inverse Head & Shoulders pattern. And if it cacks the 1.1477 then we get the completion of Inverse HNS pattern. A move above 1.1477 will give the enough confidence to test the level of 1.1661. Well my Inverse HNS target will be 1.1902 cluster resistence (61.8% fibo resistence of 1.2451-1.1052 decline at 1.1917) and 1.1956 high of Sept 05, 2006.

Here are the Daily Indicators Positive Divergence...