AUDNZD GOING SHORT
Been observing this chart for some weeks now. Price has to settle around a very key resistance level and the bulls have failed to breakout from the key zone, making a weekly close below this zone. It has shown a good price rejection, now trying to form the M pattern in the weekly,daily, and 4hrs TF. Just as I predicted some bullish signal for Cable last week, I'm also positive to see some bearish momentum henceforth in AUDNZD. Now economic data greatly affect this pair thou, but most definitely the bullish momentum is quiet over.
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