rebound

AUDNZD is in a interesting place on the chart. Third time in a row trend line drawn from last year’s lows was tested. In turn, looking on H4 chart, we have a large bullish candle followed by upward movement and yesterday a higher high was set at 1.0515. Currently, quotations are struggling with a dynamic support – 20-period SMA . If price manages to maintain...

To me this is pretty simple, the Dow was provided with support by the 50 Moving Average and appreciating, but the Coppock curve is still negative so I would wait till the 20,700 make to buy. Also the ADX Green Line has finally crossed over representing a new trend change. So I would buy until the Trendline resistance.