AUDNZD Forecast and Trade Setup for the week Ending 4th July, 2014

AUDNZD Forecast and Trade Setup for the week Ending 4th July, 2014

Daily Chart

• Identified a possible Cypher Pattern - When prices do get there, will need to re-evaluate as the setup is not ideal with tight range of resistance.
• Yesterday Candle broke the support and Today would look for retest to perhaps join the bearish momentum

Hourly Chart

• Support has been broken however it still could be a false break as it was quite deep and a bullish engulfing pattern, (however has not closed above the broken support which now is resistance
• Will zoom into a 1hr / 15min chart for entry to the short side if were to trade this

Trend Table

Outlook Trade opportunity

Please see Hourly

Risk Level Medium to High

Tips -

Always take note of any economical news event on our provided calender below