This is an update to the analysis I did last week, where I was expecting the AUDNZD to drop to the current levels and hold and possible buy.However with the dramatic fall / strong momentum to the downside, I have scratched my long trade.
Daily Chart
Weekly Quick View
With the huge weekly bear and Monthly candle, It would be difficult to stop the bears
We also are seeing fresh new lows on the AUDUSD
Gold however we saw a huge rally back above 1200 level, (Positive for AUD strength, however we are not seeing this)
DXY / US dollar we held above 88, and is on the way up towards 89-90 (Negative for AUD strength)
Outlook Trade opportunity
Stay short or sell the break of current daily support towards 1.07
Risk Level __
Tips -
Always take note of any economical news event on our provided calender below
0 Response to "AUDNZD - Update 3rd December, 2014"
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