Never miss a story from Paul Robinson

Subscribe to recieve updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from Daily FX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Paul Robinson

You can manage you subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

For intermediate-term fundamental and technical analysis on your favorite currency or market, check out the DailyFX Forecasts.

Right now, there isn’t a lot of great opportunities in the majors with the dollar extended at the moment, which has focus shifted elsewhere in the crosses. AUD/NZD has rallied sharply since bottoming off a trend-line dating back to 2015 and may soon offer another long opportunity.

The current decline is putting pressure on a crossroad of support. Confluence between price support back to July, the trend-line off the April low, and a backside retest of the broken trend-line off the October high, makes the area in the low-10800s an important one.

However, until we see a bullish rejection off support buying into the current decline isn’t that appealing. But if we see a strong turnaround today or in the next day or so, then with validation of support we could see the recent weakness as a chance to join in on an extended move higher towards resistance over 11000.

Updates will be provided on this idea and others weekly, in the trading/technical outlook webinars held on Wednesday and Friday .

Is low volatility shaking your confidence? You’re not alone. These 4 ideas may help you get back on track – Building Confidence in Trading.

AUD/NZD Daily Chart (looking for a bullish rejection at support)

AUDNZD daily chart with confluence of support, need bullish rejection first

Resources for Forex & CFD Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX