# AUD/NZD Reversal Chart Pattern (April 21, 2014) Source: https://www.tradersway.com/resources/market-info/aud-nzd-reversal-chart-pattern-april-21-2014/ Language: en Updated: 2014-04-21 Description: Explore AUD/NZD Reversal Chart Pattern (April 21, 2014). A double. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. A double bottom chart formation can be seen on AUD/NZD’s daily time frame, indicating that a long-term uptrend might be in the cards. This could take place if the pair is able to make a strong break past the neckline of the formation around the 1.0900 major psychological resistance. Stochastic is reflecting selling momentum for now though, which means that Aussie buyers are waiting for a good catalyst before going long. An upside break from the neckline could yield as much as 400 pips in gains since the chart pattern is roughly 400 pips high. ![AUD/NZD Reversal Chart Pattern (April 21, 2014)] Going long at 1.0950 to catch the breakout and setting a 100-pip stop below the neckline could yield a 3.5:1 return on risk if one aims for the 1.1300 major psychological resistance. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/aud-nzd-reversal-chart-pattern-april-21-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/aud-nzd-reversal-chart-pattern-april-21-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/aud-nzd-reversal-chart-pattern-april-21-2014/", "headline": "AUD/NZD Reversal Chart Pattern (April 21, 2014)", "inLanguage": "en", "datePublished": "2014-04-21T13:19:01+00:00", "dateModified": "2014-04-21T13:19:01+00:00", "articleSection": "Market Info", "description": "Explore AUD/NZD Reversal Chart Pattern (April 21, 2014). 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