AUDNZD is currently testing the 1.04520 area for resistance. Looking for the 10 period MA to hold back any further advance before we see a move down to breakout below the rising trendline.
Short trade set up, risk to reward 2.8:1
Entry: 1.0456
Stop: 1.0464
Target 1.04100
Short trade set up, risk to reward 2.8:1
Entry: 1.0456
Stop: 1.0464
Target 1.04100
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.