The AUD/NZD pair fell on Wednesday as the pair tested the 1.28 area again. Because of this, we feel that the recent action suggests that a breakdown is coming. However, until we get that daily close below the 1.28, we are sitting idly and waiting for a possible sell signal for a longer-term move.
Originally posted here
Further information about forex trading and forex news can be found at ForexTrading.co.uk.
About ForexMansion.com:
As one of the flagship sites of the international Finance Mansion Network, ForexMansion.com is devoted to empowering our readers. We provide technical analyses, fundamental analyses, forex news and more; keeping our readers the best informed in the industry.
More websites from the Finance Mansion Network: www.BestBrokerForex.net, www.BestDayTradingSoftware.net, www.BestForex.org.uk and www.BestForex365.com.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
