Today we will analyze the currency pair Australian Dollar New Zealand Dollar (AUDNZD) for internet stock trading in the FOREX stock market,
Stock Technical indicators to notice in Australian Dollar New Zealand Dollar (AUDNZD)
1- Last bearish trend was from 1.28 $ (9/7/2011) to 1.24 $ (9/19/2011) a 0.04 $ move 2- The current bullish trend started from 1.24 $ at 9/19/2011 and is currently trading at 1.29 $.
3- AUDNZD current support level is at 1.28 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
4- AUDNZD current resistance level is at 1.29 which is the 127.20 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
Australian Dollar New Zealand Dollar (AUDNZD) Short term stock chart patterns for internet stock trading :

6- the currency pair formed Double Bottom Pattern at 1.239 .
7- the currency pair formed a 0.129 $ height triangle which was broken up at 1.263, target of the pattern is 1.392.
Australian Dollar New Zealand Dollar (AUDNZD) Mid term stock chart patterns for internet stock trading :

8- the currency pair was supported by a support line, identified by two points: 1.236 and 1.212, and is currently supporting at 1.246.
Australian Dollar New Zealand Dollar (AUDNZD) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Australian Dollar New Zealand Dollar (AUDNZD) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 1.29, 1.30, 1.39.
Stock Support levels : 1.28, 1.28, 1.27, 1.26, 1.26, 1.26, 1.26, 1.25, 1.25, 1.25, 1.25, 1.25, 1.25, 1.24,.