ForexAV

ForexAV

AUDNZD is at a daily resistance level, possible sell

ForexAV

If the upward trend continues, we could see a small retracement before breaking the trend line and moving higher. Notice the RSI is also at the overbought level currently

ForexAV

If the resistance holds, we could see a reversal to the trend line before making a higher high

ForexAV

Possible retracement on GBP/AUD GBPAUD has been making higher highs & higher lows, could see a retracement before making new highs

ForexAV

AUD/NZD has been making lower high & lower low on a 4HR timeframe Expecting a retracement to the Orange line which is also a range between the 50 & 38.2 fib level Will probably see an upward move before reversing to create a lower low