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AUDNZD Bounce Held Captive By The Horizontal Support-Turned-Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Nov 6, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    During its post-RBA decision of not cutting down the interest rate, the Australian Dollar (AUD) rallied considerably against majority of its counterparts, including the New-Zealand currency (NZD). The same move applied to the AUDNZD that reversed form its 1.0520 – 1.0500 horizontal support and broke near two month old descending[​IMG]

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