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AdrianVu
Sep 23, 2016 8:34 AM

AUDNZD Reversal Long

Australian Dollar/New Zealand DollarFXCM

Description

Going long, not sure when the uptrend will end. I see a possibility that the uptrend is moving towards the 1.058 level.
Comments
AdrianVu
on the hourly chart, it seems over-extended. but take a look at the 5 min chart. the price touches the 100 & 200 ma and bounces off that trendline. I will expect some selling at the target level 2 before continuing the uptrend
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