Â
AUD/NZD fell hard this week, and is sitting right at a support level in the form of 1.3200, which has held for the moment. However, this candle is closed right at the lows, and that will make bulls very nervous about buying. The trend is still up, so sooner or later you should get a buying opportunity. However, at the moment the momentum is certainly with the sellers.
Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:
www.ForexMansion.com is a part of the Finance Mansion Network which operates global financial websites. Our goal is to provide our readers with the most accurate, quality and up-to-date technical analysis, fundamental analysis and news in order to assist them in making the right financial decisions.
The Finance Mansion Network includes www.FinanceMansion.com,www.ForexMansion.com, www.StocksMansion.com, www.CommoditiesMansion and many more.
