Chart of the Day: AUD/NZD

The AUD/NZD remains in an uptrend on the daily chart and we can see a pullback and reversal on this 4-hour chart.


Traders can use their favorite technical indicator to find their buy entry or buy on a move up through resistance. Protective stops should be placed below support with limits to take potential profit set as twice the risk for our 1:2 risk:reward ratio.