Despite recent weakness, AUDNZD looks ready to hold the range that has been in place since July. However we do need to see some confirmation in the form of bullish price action before an entry can be justified. There are actually two levels in play at the current range floor. The first is the horizontal level at 1.0890 (shown in the chart above), with the second being trend line support off of the July 29th low (shown in the chart below). Yesterday’s retest of 1.0890 was a successful one for the bulls, however the October 2nd break of trend line support gave reason for concern that this range bottom may not hold for ... (full story)