AUDNZD: Short Signal Explained 🇦🇺🇳🇿
Updated
AUDNZD is trading within a wide horizontal trading range on a daily.
The price reached its upper boundary yesterday.
Testing the resistance of the range, the price formed a head and shoulders pattern on that
and broke its neckline then.
I am planning to short AUDNZD with stop loss - 1.11075 and target 1.1.
Good luck!
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