By ForexMansion.com
The AUD/NZD bounced from support today that we mentioned at the 1.35 area. This area proves to be absolutely vital to the hopes of the bulls in this pair. A move below would signal a deeper correction. However, as long as it holds, long is the preferred direction in this pair, and the sideways action simply a period of rest as all strong up trends will do from time to time.
Originally posted here
