AUD/NZD short
Blue area shows support and a breakout below this area has confluence with the Fib 0618 and the base of the descending triangle.
If it breaks out I expect a strong down move.
Fundamentally NZD has had strong economic numbers recently while AUD depends on China and commodity strength which I am bearish on.
If it breaks out I expect a strong down move.
Fundamentally NZD has had strong economic numbers recently while AUD depends on China and commodity strength which I am bearish on.
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