AUDNZD Daily Price Action Candle

Hello Price Action Traders.

AUD/NZD

The AUD/NZD is coming down from the 1.100 area, highs of June. Last week the pair reacted around its 21 EMA and broke the support level at 1.07330. Yesterday the AUD/NZD rejected 1.07330 and formed a daily Pin Bar. This could be an opportunity for a short term trade if the price goes below the pin’s low. Keep in mind, however, that this week we’ll have important economic news in Australia.

 

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Luigi, professional trader member of HereForexNaked.com

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