2015-12-29_20-06-24AUDNZD

I thought I showed again this currency pair to highlight that price is at an interesting area of support should you consider to buy the audnzd.

If price moves sideways then we would be given a higher low compared with the previous low.

You could call it a 123 pattern where you would place your stop loss below support or see the area in blue.

A soft target would be the previous swing high. As you may see from the chart the risk to reward would be favorable.

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