It's all down under

Good Morning DTs,

Hope you had a great weekend. Spooky how quickly December has crept up on us, almost time to say goodbye to 2008! A couple more weeks of good currency trading still left so here is the AUDNZD Daily chart.

The trend has been up since October time and price has steadily climbed up. Price is now close to the figure, support turned resistance which is also a key Fib level. MACD is showing divergence on multiple timeframes. All the signals indicate a possible reversal. Wait for your confirmation of pullback or BOB before entering a position.















Fortunate trading!
Bijal Shah

"Effort only releases its reward after a person refuses to quit."
Napoleon Hill


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