L_C_Trading

L_C_Trading Updated 

Buy at market 1.0498 with a stop at 1.0430 and a target at 1.0860 giving a risk reward greater than 3:1. On 4hr chart a second rejection of 1.0550 area with a convincing 4hour bull bar. Yesterday's day bar a low test bar, weekly oversold.

L_C_Trading Updated 

AUDNZD is at weekly resistance. Sell below 1.1137 stop 1.1195. Target 1 1.0975, target 2 1.0850, target 3 1.0680. 1 hour chart consolidation, support at 1.1140, sell break below that. NZD is oversold after some bearish comments from RBA. Good risk reward on this trade.

L_C_Trading Updated 

Reversal at daily and weekly resistance. Sell 1.0900 Stop 1.0955. First target 1.0780, Second target 1.0680. RBNZ measure of core inflation 1.7% y/y,(1.6% prior) - 7 year high gives some positive sentiment.