Chartcoder

AUDNZD Daily Chart (16 Nov, 2015)

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
3
As you can see from the image above, retest come after a market breaks a key horizontal level of support almost a month ago. The market now revisits the former support level after breaking it, we want to see it test that level as new resistance. The bearish shooting star which is formed at the new level of resistance is how we evaluate that test.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.