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formosanbear

AUDNZD Pullback and Bullish Power Trend

Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
formosanbear  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD trader tradergirl Forex fx currencytrading formosanblackbear aud NZD aussiekiwi
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audnzd trader tradergirl forex fx currencytrading formosanblackbear aud nzd aussiekiwi
The AUDNZD has been on our (us traders) favorite type of movement, a Power Trend. After a pullback, the pair has tested the .382 Fibonacci retracement and the 1.077 support levels. After having tested both support levels, it is now touching the upwards trend line, signaling a potential trade entry. We can expect to see the pair to continue on it's bullish move up.

snapshot
*Fib retracement
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