AUDNZD Free Forex Trading Signals – 9th Jan 2017

AUDNZD had been bearish on the Daily chart. The price has broken the down trending line on the Daily chart. Thus, the pair looks bullish on the hourly and the 4 hourly chart. Today’s price action seems to be bullish as well. Price has broken nearest hourly higher high. This means there is a possibility that the pair is going to offer us long entry as far as the hourly chart is concerned. Let us have a look at AUDNZD hourly chart…

Here we have the hourly chart of AUDNZD. The price has broken the level of 1.04885. Moreover, it continued its bullish move for 2/4 hourly candles as well. The price seems to be getting ready for a correction. I assume the price would come back to the breakout level again. If we get an hourly reversal candle at the level of 1.04885, by setting our Stop loss below the level of 1.04633 and Take profit at the level of 1.05425, then buying the pair today would be the best option.

Let us have a look at the summary of the trade

• Entry: Buy Limit order at 1.04885
• Stop loss Price: 1.04633
• Take profit Target: 1.05425

We will have to just exert patience. Enter the limit order so that you don’t have to watch the market all day waiting for things to happen. Enter your order and go enjoy the day. Comment below if you have questions on this trade and please let us know if you made money if this trade signal. Good luck!

You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.

We hope that you enjoy our Free Forex Trading Signal today: AUDNZD Free Forex Trading Signals – 9th Jan 2017

Tip of the day:
We have seen off the first week of 2017. As we have seen that, the market has been quiet in the first week. However, from this week, we should concentrate on our charts more to spot out trading opportunities. On the last Friday, there was a big news event on the CAD. All the CAD pairs reacted to that news event as well. Thus, pay more attention to CAD pairs this week to find out potential entries.