AUDNZD PRICE AT RESISTANCE, POSSIBLE REVERSAL Short

Australian Dollar/New Zealand DollarFXCM

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⋅ Apr 23, 2015 7:35 AM

PRICE ACTION HAS REACHED AN INTERESTING AREA OF RESISTANCE AROUND 1.0224. THE BULLS SEEM TO HAVE LOST MOMENTUM. WILL WAIT FOR THIS CANDLE TO CLOSE BEFORE ENTERING A TRADE, I FEEL A SHORT TARGETING 1.005 IS MORE LIKELY.