AUDNZD Triple Top Signaling Bearish Continuation

23 thg 4, 2014

After the third touch on a significant resistance level around the 1.9000 level the AUDNZD looks like it might either be ready to break out of its 4 month range and continue south. Beware of minor support lvl of 1.0750 before going short. This can either turn out to be a good range trade or the beginning of a longer term trend continuation.

Entry range - 1.0850 - 1.0880
Target Range - 1.0570 - 1.0540
Stop Loss - No higher than 1.1000