FOREX.

Trading the AUD/NZD pair, as one of the best pairs to trade, takes some analysis and understanding of the Forex market. On this 5 minutes chart, we are late if we were to enter this shown move. There has been a lot of profits while at the same time a new trend change or continuation of the current, with both possibilities valid.

In the way we can approach this, is to take a look at the 4 hrs chart, where price has encountered a resistance point as per our technical indicator. It is possible then to see what we can watch this move, and once the 4 hrs chart price line crosses over, then we could see a potential move to the upside.

Other than that, bouncing at this resistance line could then show a potential move to the downside, so we can watch it accordingly to enter to the moving trend side. We should always want to be on the right side of the trend for any trades. Look for the second part of this article to see the 4 hrs related chart.