AUD/NZD looking too corrective !
Look at how corrective this move was to the upside so a reversal is definitely expected. Also, AUD/NZD rejected the 78.6 Fibonacci Retracement on the Daily Chart, plus it broke the rising channel on the lower timeframe with a beautiful confirmation candle signaling the start of the reversal.
First Target: at 1.0700
Second Target: at 1.0551
First Target: at 1.0700
Second Target: at 1.0551
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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.