Still Down Under

Good evening Forex Traders,

Tonights chart is one for you to keep a close eye on with the AUDNZD.

At present, it has tagged the 123786 on the daily timeframe,and is at former resistance with an OB Stochastic, although in AdvancedGet it has a false bar on the Get Stochastic, indicating further upside.

On the 4 hour chart below at the time of writing we can see that the previous candle is a doji and has hit a significant figure.

The RSI is diverging and is pulling back from OB territory.

Please as always do your own analysis, wait for your quota of confluences which are acruing as I write, and plan your entry. If you do enter any trade, manage it well .

Charts courtesy of TradeStation.

Good luck with all your analysis and trading,

Clayton Farnworth.