Audnzdsignal
AudNzd Bearish SetupAudNzd on the daily time frame has broken the lower range. This can confirm that a new sell of is possible. I have also pointed out the next 3 support levels which can be used as take profits.
Sell now and Sell the spikes. Stop loss at 1.0960. Which is a bit above last weeks high.
AUD/NZD, DAY CHART, SHORT (27-NOV-2016)AUD/NZD is trading in a range between the resistance and support zone indicated.
In recent time, it is trading within the downward channel.
The price rally up near to the upper side of the downward trend line.
Wait for bearish signals to short this pair.
You can earn little convenience interest by holding this pair for longer time.
If the bullish trend continues, don't bother to entry as the risk/reward ratio is not so nice.
Trade safely with proper risk management skill.