Quick idea.
AUDNZD continues to slide and seems to be forming somewhat of a falling wedge pattern. For now, we will remain neutral, but there is a good possibility we may see the pair pushing back up a bit, given that it has declined significantly in a short period of time. In order to get comfortable with the upside, we need a daily close above the upper side of the possible wedge pattern.
Please see the chart for details.
Don't forget your stop-loss.
AUDNZD continues to slide and seems to be forming somewhat of a falling wedge pattern. For now, we will remain neutral, but there is a good possibility we may see the pair pushing back up a bit, given that it has declined significantly in a short period of time. In order to get comfortable with the upside, we need a daily close above the upper side of the possible wedge pattern.
Please see the chart for details.
Don't forget your stop-loss.
Note
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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.