Good afternoon traders,
The AUDNZD is creating an inside bar on the weekly time frame.
This is a strong reversal signal when at a major support or resistance level.
RBA Interest Rate decision next Tuesday. Due to a turn around in the housing market, as well as strong employment figures, the RBA could hold interest rates steady.
Jump down to a daily time frame there is also a bullish divergence on the RSI.
Any thoughts and comments welcome!
The AUDNZD is creating an inside bar on the weekly time frame.
This is a strong reversal signal when at a major support or resistance level.
RBA Interest Rate decision next Tuesday. Due to a turn around in the housing market, as well as strong employment figures, the RBA could hold interest rates steady.
Jump down to a daily time frame there is also a bullish divergence on the RSI.
Any thoughts and comments welcome!