AUDNZD Is Going Down! Sell!

Nov 26

Please, check our technical outlook for AUDNZD.

Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 1.111.

Taking into consideration the structure & trend analysis, I believe that the market will reach 1.108 level soon.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

Like and subscribe and comment my ideas if you enjoy them!

Nov 27

Trade closed: target reached

That was an excellent trade and the target was reached too!