The AUD/NZD is oscillating and ranging on the H4 time frame. It has cycled down to support at the 1.0750 area. It will likely build a reversal at this point and oscillate back up on the H4/D1 time frames over the next 1-2 days. Upside potential is back up to the 1.1000 area resistance, noted in yellow. If a currency pair is not trending on the larger time frames it is likely an oscillatiing or ranging currency pair, but pairs like this can still be trades on 1-3 day swings. Look for a buy signal on this pair using The Forex Heatmap®, and look to exit at the 1.1000 area resistance. This pair was analyzed using multiple time frames.
AUD/NZD H4 Time Frame 6-18-2014