When beginning trading for a new year, it is always important to evaluate the markets long standing trends. This way we can better gauge which pairs we may want to trade into the upcoming 2014 trading year. One chart that stands out is the AUDNZD weekly chart below. From the last week of the 2012 trading year, through the low created on December 17th the pair has declined as much as 1932 pips. As the pair continues to steadily create lower lows, this can create many opportunities for traders to sell the market. Let’s look at one approach we can use for trading the AUDNZD in the New Year. Breakout Entries One way to ... (full story)