AUDNZD appears to be bouncing from the 1.06731 level where a short term trend support (red line) intersects with this week's Pivot point. This week's R2 is in the same relative zone as 50% retracement level of a long term range-defining weekly leg which has acted as the top of the pair's range since said weekly impulse leg was formed.
The original design of this trade has allowed for a tight stop loss, creating an R:R of 3.56
The original design of this trade has allowed for a tight stop loss, creating an R:R of 3.56
Trade active
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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.