AUDNZD Breakout and Potential retrace
Updated
Hey Traders, in the coming week we are monitoring AUDNZD for a selling opportunity around 1.09400 zone, AUDNZD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.09400 support and resistance area.
Trade safe, Joe.
Trade safe, Joe.
Note
speaking about the monetary policy AUDNZD has a decent likelihood to break below 1.09 with RBNZ outhawking RBA
Trade active
AUDNZD did retrace successfully!
will be monitoring now the progress closely!
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