FX_IDC:AUDNZD   Australian Dollar / New Zealand Dollar
Following the bounce of from multi year support level we can expect buyer will try to push to the upside for a retest of the broken support at 1.04000 to confirm the new resistance.

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EK_Analysis MASOOD1364
@MASOOD1364, you shouldn't determine a DIV with shadows. it has to be based on close, 'coz your MACD is based on close!
Comment removed.
Roronoaleigh17 Roronoaleigh17
@Roronoaleigh17, i will aim for the 1.07500 Quarter point , my tp1 will be the 1.05000 Qp e 1.07500 will be tp2.
Analysis looks great!
Yup Agree, Same View

Im thinking same ... Looks like time to go long.

+1 Reply
Good explanation, thanks.
I like your trading strategy
Thank you for your guidance, our thinking process are very much the same, I literally entered this trade at 1.03310. The Non-Farm Employment Change (USD) caused a good bounce and if you were watching it live it also created a good entry point, already in the money so the trailing SL will do the rest for me.
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