AUDNZD looks like a good buy setup, a lot of the indicators and price action are pointing towards a bull run, but Yellen might be the party pooper. As they say, it ain't over till the fat lady sings, and Yellen is a lady and kinda fat so...
Of course negated if prices reverses and breaks lower any way, might just be a small correction before another wave down.
- RSI and stoch show bullish divergence
- First bullish daily candle that might even engulf yesterday's bear
- First breakout of downward channel inside larger bearish channel
- Hit bigger support and daily will probably close today showing a very nice bounce
Of course negated if prices reverses and breaks lower any way, might just be a small correction before another wave down.
Note
Somewhat as expected. Price remains mainly flat. It'll remain so till at least Yellen.Note
Price never broke higher.
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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.