AUD/NZD taking out important resistance levels

AUD/NZD is threatening to break cleanly above important technical resistance levels and it seems that the market is now betting on a bearish outcome from the dairy auction.

NZD/USD looks likely to test important support at .8400 but much will depend on what happens to the cross here.

Now I’m disappointed that my initial profit target at .8520 missed by 5 pips :(

The post AUD/NZD taking out important resistance levels appeared first on www.forextell.com.

Leave a Reply

Your email address will not be published.