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Australian Dollar / New Zealand Dollar
Short

AUDNZD: Update & Bearish Continuation

By VasilyTrader
Updated
snapshot

hey guys,

a lot of questions concerning my last post on audnzd.
yesterday I posted a trading plan for the US session but the market dived a bit deeper making our plan invalid.

major supply zone on audnzd is based on a contracting area between a horizontal daily structure and a falling trend line.
yesterday the price went rejected from the upper boundary of the zone and broke and closed below the daily support.

now bearish continuation is highly probable.

goal for sellers - 1.0777
Trade closed: target reached
audAUDNZDaustraliandollarChart PatternsCurrenciesForexnewzealanddollarNZDSupport and ResistanceTechnical AnalysisTrend Analysis
VasilyTrader
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