FOREXCOM:AUDNZD   Australian Dollar / New Zealand Dollar
I think we will see AN shift into a bearish trend now and my reasoning is this - Interest rate differential. What happened was the price broke to new highs and came back to retest a key zone in which it started to rally again, as if it were to head higher. The problem is that AUD interest rate came back short on its hawkish decision and that leaves us with NZD rate tomorrow forecast to be hawkish. IF the NZD rate comes back at the forecast that will be all we need to send this pair spiraling back in favor of the NZD. On top of that price, action backs this theory of a trend shift so let's keep an eye on the NZD rate decision tomorrow and see what we are served to work with. I don't normally trade this pair so I missed the prime entry when it mitigated the 4H OB- but there will be lots of meat to rip off the bone if this plays out as I see it.

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