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AUDNZD Technical Analysis (19-23 January,2015) | January 17, 2015

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AUDNZD has bounced back from historical support area. It has found some bullish momentum. We can see some retracement on this pair. 1.0650 will be key zone for this pair. If it can break this level, then we can take buy entry and target will be 1.0900 area.

In weekly chart, a spinning top was formed on the support area, After that a bullish candle has formed. So it can be reversal sign for this pair.

In daily chart, we can bullish rally has started from the support area. A bearish rejection candle was formed on daily but next candle is bullish. So bullish momentum remains strong. Our recommended for this pair to stay on upside above the support area.

Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.0740

Resistance One (R1): 1.0643

Pivot Point: 1.0543

Support One (S1): 1.0446

Support Two (S2): 1.0346

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