AUD/NZD Head & Shoulder
From a daily perspective, is clearly visible that the price is making an Head and Should formation, with the bottom on a very strong support. The first rejection of the support was excellent, the price moves to the lower Fib. value. This mean that the next move could be to upside, filling up the rest of the retracement values. For now is just about waiting for a valid confirmation for the move to the upside. If confirmed, long position could be opened.
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.