As what the Idea title states, this pair is actually not an ideal pair to enter a trade. As you can see the current level this pair is at, the market is messy thus making it risky to enter.
Audnzd buy Trend After 1.075 touch then big Move Up
AudNzd on the daily time frame has broken the lower range. This can confirm that a new sell of is possible. I have also pointed out the next 3 support levels which can be used as take profits. Sell now and Sell the spikes. Stop loss at 1.0960. Which is a bit above last weeks high.
The most intriguing is the formation of the legal wing
This is not a investment advice. Take care.
AUD/NZD is trading in a range between the resistance and support zone indicated. In recent time, it is trading within the downward channel. The price rally up near to the upper side of the downward trend line. Wait for bearish signals to short this pair. You can earn little convenience interest by holding this pair for longer time. If the bullish trend...