#AUDNZD ON CLOSE WATCH

Price has been coming down since 1.075 high and potentially looking for a strong reversal. Too risky to enter a trade now as AUDNZD could still make another bottom - UNLESS, I see the above setup of 2-3 consecutive strong closing bars and breaking above 1.057. When that happens, could see price retesting 1.075 high and possibly continue toward 1.090 level.

Trade closed: target reached:

1/2 position closed. Will re-enter on a pullback.