AUDNZD Going Short
AUDNZD also just like AUDCAD. It has also approached a resistance at the previous higher high and also the highest point of the bearish channel.. Also the current price has tasted the 200 period moving average taking this also as part of the resistance and also current price being below it. Then from a Top down analysis On the mothly, price seems to have hit the resistance and also on the daily time frame showing bullish candles the seem to be reducing in size indicating reduction in the bullish power.
I recommend we look for entries at the close of the week probably monday and also seeing how the start of the new month will turn out to be. SL- 1.08514 TP- 1.03345 (1.25 Risk : Reward Ratio.)
I recommend we look for entries at the close of the week probably monday and also seeing how the start of the new month will turn out to be. SL- 1.08514 TP- 1.03345 (1.25 Risk : Reward Ratio.)
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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.