#AUDNZD: Near term pullback likely #forex

FX:AUDNZD   Australian Dollar / New Zealand Dollar
1108 11 20
Major rejection and Pin bar at horizontal resistance, we will probably pullback within the coming few sessions , near term target at the 50-days SMA . A break with daily closing above 1.0510 resistance will probably call for the continuation of the bullish run, targeting the 200-days SMA .

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Pulling back again, we need to watch this pair for a new long oppurtunity
Amazing. totally missed this cross pair.
Thanks tehnician . I sold alot of nzd , we'll wait the perfect price to go aud is a bad performer today .
Pin bar rejected 50% and 61.8% fib too.
-1 Reply
Casey_Yeo Casey_Yeo
-1 Reply
Technician Casey_Yeo
Yep. I will probably short a bit higher.
Casey_Yeo Technician
Yes. Otherwise wont have a favourable risk-reward ratio.
Technician Casey_Yeo
Daniel.B Technician
Thanks for posting this Technician, I had totally forgot about this pair! I'm also looking to short a bit higher. =)
That's weird, on my MT4 platform Thursdays bar is nearly a bearish engulfing but on this Trading View platform it shows as a Pin Bar :s. I'm with a broker that has the 6th weekly bar (non NY close) but it usually isn't that much of a difference.
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