AUD/NZD (Daily Chart) - Choosing between AUD and NZDD
This pair has been moving in a large sideways range, but the odds seem good now for a counter-trend long:
- Short-term trend is pretty extended
- Resting on major support (blue line)
- Nearly bottom of bullish trendline
- Trend channel overshoot of latest bear channel line
- Good R/R
I will take a small position and see how it goes.
- Short-term trend is pretty extended
- Resting on major support (blue line)
- Nearly bottom of bullish trendline
- Trend channel overshoot of latest bear channel line
- Good R/R
I will take a small position and see how it goes.
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