chris333
Long

Down Under Dollars Trade Setup

FX_IDC:AUDNZD   Australian Dollar / New Zealand Dollar
The pair of down under dollars crossrate looks to be setting up for a rally. 

With the Minor Pivot Stack as support and the longer term Monthly Pivot Range underneath, the setup is intact with a long bias.

Five trading sessions ago, a long hammer formed and this underscores the forming of a bottoming in price.

Hence, go long on strength through 1.05410 and place a stop loss at 1.0461 with a profit target at 1.06650.
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