The AUDNZD has moved lower after forming a Pin Bar on the two day price action chart. We posted about this setup in this blog and you can find that post here: AUDNZD Two Day Pin Bar
Price now has two levels in it’s sights if the move continues lower. The chart below highlights these near term support levels for price to test in the coming days and weeks.
Price on this pair has been very choppy of late and there have been no obvious trends in play. Price closed the week near the weekly lows suggesting at the end of the week the bears were still firmly in control of this pair.
Well done to the members in the Forex School Online community forum that took this setup and are either still holding or have already taken profit before the weekend.
This setup is just one example of the high probability price action setups that are taught at Forex School Online. If you want to learn to trade price action setups similar to these and other advanced setups such as breakouts and continuations, you can sign up to our courses and online community here: Forex Price Action trading Course
AUDNZD TWO DAY CHART | 24TH MAR 2013
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