AUDNZD approaching strong support of 1.0255, ideally BUY positions open from there but daily candle shows a bounce, I'm entering this trade with stops set below 1.0255.
Not trading advice* just my own idea of where the market will go.
RBNZ rate statement tomorrow could push this up if dovish sentiment from NZD comes through.
50 and 200 day MA still indicate strong sell preference but RSI is pointing up. Traders can wait for cross before opening up BUY
Not trading advice* just my own idea of where the market will go.
RBNZ rate statement tomorrow could push this up if dovish sentiment from NZD comes through.
50 and 200 day MA still indicate strong sell preference but RSI is pointing up. Traders can wait for cross before opening up BUY