AUDNZD Technical Outlook (26-30 January,2015) | January 24, 2015

AUDNZD has formed bearish signal in daily chart. It touched near term resistance at 1.0754 and went down from that level. It also tested trend line. So this is good sign for sell. So our recommendation in this pairs is to stay on down side.


In daily chart, we can see a big bullish candle and then a spinning top and a rejection candle. This spinning top shows indecision in the market. Rejection candle gives bearish signal and then next candle confirm this sell signal. So this is clear sell signal in this pair. 1.0660-1.0680 is very good zone for sell and target will be 1.0460 area.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 1.0862

Resistance One (R1): 1.0732

Pivot Point: 1.0623

Support One (S1): 1.0493

Support Two (S2): 1.0384