audnzd

The AUDNZD market has just recently exploded higher off the back of New Zealand dollar weakness. This has caused the AUDNZD cross pair to accelerate away from the mean value and leave a large gap between price. These large gaps generally will generate a snap back mean reversion move.

The AUDNZD has run into a resistance level and printed two consecutive Inside Days. These double Inside Day setups usually produce good breakout moves. If the AUDNZD breaks below the Inside Day group, we would see a nice mean reversion move.

 

Your Feedback is Important to Me - Please Submit a Comment Here...