AUDNZD: Reaching supply zone
This pair has surged upwards today due to a weak NZD.
Price is hitting the top of the channel.
I expect some bearish price action to follow, and we could see a fall to the bottom of the uptrend channel
AUDNZD Short
Entry is valid as long as price is below 1.0960
SL: 1.1050
TP: 1.0690
Price is hitting the top of the channel.
I expect some bearish price action to follow, and we could see a fall to the bottom of the uptrend channel
AUDNZD Short
Entry is valid as long as price is below 1.0960
SL: 1.1050
TP: 1.0690
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.