AUDNZD Potential Bottom

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Dolar Australia / Dolar New Zealand (FX:AUDNZD)

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FX:AUDNZD Dolar Australia / Dolar New Zealand

AUDNZD reached its Time at Mode target indicated by the blue arrow during todays trading session. The bounce seen at this price coupled with the bullish 4H RSI divergence shown with the light blue lines makes this an attractive pair to long in the event of a trend resistance break as shown with the red line.

I'll be watching this pair in the early trading days next week for a potential entry similar to the one shown, targeting the 1.056 area.

Don't forget to subscribe to my trading system "PipSqueak" on myfxbook.com to follow my strategy aimed at long term sustainable equity growth.

Komen:

Looks like the blue arrow I mentioned didn't show up on the chart... Anyway the area I'm talking about is where the lower green box intersects with the light blue RSI line.

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