AUDNZD Daily 14.8.2015 - 11.04 pmAUDNZD – On the daily time frame, we can see that pair is in an up trend and is now consolidating in a flag. A break above the flag and a close above it will bring more bulls into the picture.

Pair has also bounced off the Pivot Point and yesterday’s candle closed with a bullish green candle. If today’s candle is able to punch through the resistance and closed above the flag, I will be looking to go long next week.

Stochastic is trying to go up but at this juncture its not really telling us much as it is within the 20 and 80 and not at any extreme levels of over bought and over sold.

In the meantime, I have made about 50 pips going long this pair at around 1.1220. Members of my Secret Forex group have benefited too as I posted a chart of this pair last week.

If you are interested to be part of a Forex membership which will help you and guide you to become a better and more profitable Forex Trader, do contact me. I personally believe that more heads are better than one and a group that trades the same way using the same tools will be able to help each other better than someone who is always jumping from one system to another.

To your trading success!

~ Ardy