Currency Pair: AUD/NZD
Closing Price: 1.12050
Entry Order: SELL @ market
Sell stop: 1.1267
Profit Target: 1.0870
Analysis: This pair has recently formed a double top. With this bear technical formation in place, there is a possibility for a retracement in prices back to the gap area that took place on Jun 10. The gap low on Jun was 1.0874. Prices appear heading toward these levels, and possibly a lot lower.