Any decline in Aud/Nzd pair is buying opportunity, I do think that 1.2960 will be tested some time next week but the pair will find lots of buyers at that level.
You should had stop loss at 1.2930, this level is comprehensively broken 2 days ago
Remember technical indicators are not reliable some time a pair can rise 500+ pips while it is in overbought RSI and stochastic it will probably find resistance at 1.36 as i wrote to days ago
Sean, if you look at weekly chart you will see that 1.2965 acted as resistance since August 2008. A close today above this level will give conformation and green light for farther gain in the AUD/NZD cross. And 1.36 represents the next resistance level in the monthly chart.
Hello Just to stopped to say thank you Ashraf , , great call in EURO/USD and USD/CAD. I made good profit thanks to your twitter targets. Keep up the good work
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Remember technical indicators are not reliable some time a pair can rise 500+ pips while it is in overbought RSI and stochastic
it will probably find resistance at 1.36 as i wrote to days ago
Do you thing it will out perform Latin/Asian market over next 5 years?
And 1.36 represents the next resistance level in the monthly chart.
What is your outlook in the Eur/Cad pair, Any target for this week?
Thanks
Merry christmas and happy new year
What is your thought on the AUD/CAD pair ?
Do you think it is good time to buy the AUD/USD now for long term curry trade?
Just to stopped to say thank you Ashraf , , great call in EURO/USD and USD/CAD. I made good profit thanks to your twitter targets.
Keep up the good work