The AUD/NZD forex trading pair continues to fall from the level of 1.1000 in the long term. It should be noted that the support is established at the level of 1.0400 on the daily chart. On the 06.07.2017 price just found a new old channel resistance formed with a 8 EMA line resistance at the psychological number 1.0500. We can see a nice daily gartley pattern. We are looking for a Price Action candle at the demand zone 1.0360-1.0330. My advice is to watch for potential buying forex trading opportunities from the demand level.
As long as support at 1.0250 will hold the price, we will try to entry into long/ buy forex trading position.
Strategy : BUY, Stop Loss: 1.0230, Take Profit: 1.07500
Forex pair AUD/NZD Resistance levels:
Forex pair AUD/NZD Support levels:
Forex trading Fundamental outlook:
analytical expert: Urban Štamcar
Published: 12 Jun 2017, 18:50 GMT +1