AUD/NZD +203

recent news did not go in favor of Aussie. Currency dropped on all fronts, and for a reason (building approvals, trade balance), but positive facts should not be forgotten. New Zeland trade was not great either :) This is the fifth week that this pair is taking a beating, and it might be some more to come, but by no means in such fashion as it was up to this point. If you look at thmonthly chart it is even more evident. Chart is telling us to buy at this level 1.2378 and put stops at 1.2375, with a target at 1.2780. We expect Slow Stochastic to cross, and support trend line to hold, in worst case scenario, but moving average should hold too (not to close below)