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AUD/NZD close pivotal for yesterday's hammer

Cross is fraction softer in Asia - no component data - quiet to the weekend Opened +0.15% - bounce off 1.0299 leaves hammer reversal signals Bullish key day reversal on a close above 1.0367 Momentum studies, 5, 10 & 20 d…

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AUD/NZD close pivotal for yesterday's hammer
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  • Cross is fraction softer in Asia - no component data - quiet to the weekend

  • Opened +0.15% - bounce off 1.0299 leaves hammer reversal signals

  • Bullish key day reversal on a close above 1.0367

  • Momentum studies, 5, 10 & 20 daily weekly & monthly ma's move south

  • Bearish setup implies parity is possible on a soft close

 

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