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, target 1.0730 in sight - EconoTimes)
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AUD/NZD has formed Double-top at 1.1086 (Nov 24,25), price action has dipped back into the cloud, target 1.0730 in sight.
- The pair has broken minor trendline support at 1.1011 in yesterday's trade, and price action on the day has been restrained within the cloud
- Daily Stochs also have turned back from overbought levels, we find it good to sell rallies as mentioned in our previous call (link below)
- Immediate support is seen 1.0995 (10-Day MA), breaks below could take the pair to 1.0955 levels. On the flipside immediate resistance is seen at 1.1010 (cloud base) and further at 1.1086
Our previous call: http://www.fxwirepro.com/fxwire/popup.htm?id=734352
