Update of AUDNZD - forex leaning place

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The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world.

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Sunday, 4 June 2017

Update of AUDNZD

In one of my previous post last week I've shown that AUDNZD is in nice down trend. I was waiting for a trading opportunity.

As price retraced back in 1-hour time frame, I went back to 30-minute time frame. Here what I've found?

I've found that price bounced into the dynamic resistance and then price started to move sideways between 1.0422 to 1.0409 roughly.  If the price can break the range downside, I'll ride the trend on confirmation.

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