The AUD/NZD market fell on Tuesday, but remains glued to the 1.30 area. The pair looks like it is winding up to make a move, but until that happens – we aren’t looking to trade this pair. A break above the top of consolidation (1.32) would get us buying. A break below the bottom of the consolidation (1.28) would get us selling.
Written by ForexMansion.com