ChaosTrader63
Short

AUD vs NZD Testing Prior Resistance

FX:AUDNZD   Australian Dollar/New Zealand Dollar
The AUD vs NZD is currently testing a prior resistance level at 1.12894. This is a significant level as it was prior support back in August & September of 2013             before violating the level in November and dropping about 780 pips. The level was tested as resistance with three prior attempts between September and November of 2014. Almost an exact year to when it was previously support.! After price was unable to violate the resistance level the pair fell like a rock to a new all time low at 1.00204. Price has since recovered from the low to bring us up to where we are today. If this level was strong enough to send the pair plummeting to a new all time low then I am going to have to expect the level to hold resistance again until proven otherwise. If taking a short position look for a nice rejection candle to set your entry and hope we see another all time low. Visit me at http://www.fxatoneglance.com and until next time God bless!
This rejection is also off of the 150 EMA on the weekly chart, so in confluence with the Daily Resistance
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out