Aussie Kiwi

USD is in consolidation prior to news today. We have a busy week on the news front so a lot of data to look forward to.

Away from the US Dollar, we have picked out a cross that you might want to put on to your watch list. The Australian New Zealand Dollar is heading towards a previous resistance level and at the figure with a MACD divergence and RSI overbought. This all shows a reversal may not be far off but as we all know the market doesnt always comply with logic so what we want to wait patiently for the reversal signal or breakout. If the breakout occurs then use our EST.

Keep in mind that the XTL is blue.


Chart courtesy of Advanced GET. Data provided by eSignal.

Good trading.

Forex Analysts
Anne Chapman & Javid Shaik