AUDNZD breaks to 13-month low

Not only has it broken an important swing low and now trades well below the 1.05 handle, but price action following RBNZ cash rate decision suggests there could be further downside ahead as bearish momentum accelerates.

Won't your trader friends like this?
About the Author
The mission of ThinkMarkets is to facilitate foreign exchange trades in a secure and stable operating environment. We are dedicated to providing industry-leading technology to the international trading community and we strive to deliver educational tools and resources that enable traders to further develop their trading skills. ThinkMarkets is committed to upholding the trust and confidence of our clients by adhering to transparency policies and providing unrivalled customer service. Visit ThinkMarkets

Leave a Reply

*