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ForecastCity_EU
May 8, 2020 1:01 PM

Don't miss the great sell opportunity in AUDNZD Short

Australian Dollar/New Zealand DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0665). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDNZD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.

Take Profits:
TP1= @ 1.0610
TP2= @ 1.0575
TP3= @ 1.0530

SL: Break Above R2
Comments
Pro_Trader_007
Resistance and Technical Analysis!
Pro_Trader_007
Thank you for your perfect Support
Kamryn
Thank you
Kristalyn
Great analysis, keep up the great work!
Best_Forecast
Thank you for your time and sharing of knowledge.
Best_Forecast
Good post. Thanks. Whats the timeframe on the chart?
sara-kian-fx
Thanks for sharing!
sara-kian-fx
I like your Ideas very easy to understand!
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