AUD/NZD - Trend Reversal
Here we have AUD/NZD on a Weekly chart with a potential reversal in trend. Every indicator we need to predict a reversal setup is confluent on this chart as you can see above!
Price needs to breakout from the crucial 1.14200 resistance to confirm the change in market sentiment. This will correlate with everything detailed below:
We will see how this one plays out, I'll be looking for chart patterns on the shorter time frames for additional analysis.
Price needs to breakout from the crucial 1.14200 resistance to confirm the change in market sentiment. This will correlate with everything detailed below:
- The weekly bearish trendline.
- The 2015 highs.
- The 200 weekly EMA.
We will see how this one plays out, I'll be looking for chart patterns on the shorter time frames for additional analysis.
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