AUDNZD signaled to drop by MACD and RSI
AUDNZD has finished rising after its breakout of the falling wedge and a reversal is about to happen. By watching price action we can see a reversal is likely to follow soon and to support that the rsi shows that we are in an overbought zone and the macd is about to have a cross. On top of that NZD is stronger than AUD today making it even more clear that the pair is going to drop.
Entry @ 1.06700
SL @ 1.07065
TP @ 1.06309
Entry @ 1.06700
SL @ 1.07065
TP @ 1.06309
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.