The AUDNZD is retracing after a strong downtrend caused by the triple top. The pair reached a low at the 1.03515 level and is trading upon a bullish trendline which has been tested five times. Yesterday the AUDNZD formed what in Price Action is defined Pin Inside Bar, in other words a Pin Bar included in the previous candle. A breakdown of the candle corresponds with the breakdown of the trendline. That could be an opportunity for a sell. However, important macroeconomic news are going to be released for the australian dollar in the next hours. Pay attention especially at the RBA Interest Rate decision.
