AUDNZD Explodes Off Key Level | Oct 1

audnzd role reversal level breakout price action 2ndskiesforex

AUDNZD – Post RBA Decision Launches Higher
Yesterday we wrote about the key level the AUDNZD was sitting off of at the 1.1200 figure. After the RBA rate decision tomorrow, and slightly hawkish stance, the pair launched higher off the key 1.12 figure, jumping +175 pips just below the 1.14 resistance. This a critical level as it was a) the pin bar rejection 6 days ago, and b) is sort of the middle of the range role reversal level which you can see in the chart below.

This level offers a lot of interesting opportunities, for if the short term bullish momentum continues, then it could be a great pullback level to get long after it breaks above. The next …

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