AUD.NZD - Step by Step Analysis

The AUD.NZD is one pair on my watchlist this week.

We have now seen price break of a strong resistance and psychological level at 1.0700 which dates back to April 2014.

Although price has broke, i will need to see a candle close above 1.0700 to confirm my analysis.

I will be looking to take this pair long this week if the 4hr and 1hr charts give me a signal.

Comment:

The 1.0700 resistance level dating back to April 2014

Comment:

Awaiting i minor pullback tomorrow prior to taking this pair long.

Comment:

Price starting to pullback to 1.0700, false breakout? or a pullback prior to the next impulse?

Comment:

Pending order is now in place.

Trade active

Comment:

Trailing stop loss now in place.

Trade closed: target reached:

Positions closed, profit target attained.

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Comment:

As we now approach 1.0920 i will be awaiting a reversal signal on the 4hr and 1hr TF

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How i am looking to trade this pair now price has broke the 1.0920 level.

Comment:

March results including this long positions including technical breakdown.