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AUDNZD 60 Minute Chart Analysis

Friday, October 21, 2016 3:54
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Screen Shot 2016-10-21 at 17.30.40

Hello traders good to be back with you on this Friday the last day of the trading week. The data to be released is very weak really nothing until the US session.Traders I was looking at the charts today and I have to say this pair AUDNZD looks very nice to a trade nice bearish trend and we have completed the pullback it looks like. So I am looking for price to either pull back to the 1.0662 and we can enter from there. The other entry could be a close below the trend line and we can enter the trade when we see another red candle at the open of the next candle and this trade would be minimal draw down. I would like to take proit at the support zone at the price area of 1.0592.

Thank you traders and have a good weekend break and we will see you at the next Asia session……William

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