Hi Traders:
AUDNZD is at a key support area after an over extended drop from the top. We could potential see some bullish momentum coming in the market for a pullback/correction, or possible a trend change to the upside.
On the intraday charts, we are seeing some good bullish momentum, breaking to the upside. Now we will have to wait for a higher low or bullish flag to develop before considering enter a long position.
I will be updating the charts for any potential trade opportunities long.
Thank you for your support and feedback.
AUDNZD is at a key support area after an over extended drop from the top. We could potential see some bullish momentum coming in the market for a pullback/correction, or possible a trend change to the upside.
On the intraday charts, we are seeing some good bullish momentum, breaking to the upside. Now we will have to wait for a higher low or bullish flag to develop before considering enter a long position.
I will be updating the charts for any potential trade opportunities long.
Thank you for your support and feedback.
Note
Potential entry here. AS I am in the EURAUD trade alrdy, I will be on the side line for this pair. Note
Potential 4 hr entry here:
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Related publications
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.