AUD/NZD ANALYSIS (read for further clarification)
////Hi traders, I'm Guario and here is a forecast of AUD/NZD possible future price action. The chart shows how the pair reversed after it reached the 1.0458 resistance level . This bearish channel is now correcting but the price has just bounced of the 0.5 Fibonacci retracement level with a shooting star candlestick pattern, giving an important bearish signal. The fact that the 0.5 Fib level coincide with the 1.0410 volumetric level confirm a possible downtrend continuation. Also notice how the lack of volume could help price descent. You could open your short positions immediately or wait to the MACD fast length to cross the slow one for more confirmation. Look at the chart for possible stop (which I suggest to place over the volumetric level) and target. Write me in the comment for any question, thought or critic. Good luck to everybody.////
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