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Australian Dollar / New Zealand Dollar

AUDNZD Pullback and Bullish Power Trend

By formosanbear
The AUDNZD has been on our (us traders) favorite type of movement, a Power Trend. After a pullback, the pair has tested the .382 Fibonacci retracement and the 1.077 support levels. After having tested both support levels, it is now touching the upwards trend line, signaling a potential trade entry. We can expect to see the pair to continue on it's bullish move up.

snapshot
*Fib retracement
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formosanbear

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