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CalebDismuke
Dec 13, 2016 4:09 PM

Support at 1.0380 in clear view(AUD/NZD) 

Australian Dollar/New Zealand DollarFXCM

Description

Price is coming up on support at 1.0380.

The 1.0380 level was tested several times last week and held (note green arrow on chart).

I believe the R/R favors longs at these levels. I will be looking to buy in the near term.

Risk Event

AUD employment report to be released on Wednesday at 6:30 p.m CST.

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