AUD/NZD Bearish Trend Chart
- AUD/NZD Chart now at descending channel.
- Fibonacci 0.5 label.
- 200 EMA 1.0580 resistance on 4 hour time frame.
- Trend follower can take entry from this label.
- On the other hand, AUD bulls can also plan trades around a potential upside breakout above the 100 and 200 SMAs.
- Which over bias u take entry, make sure used wide stops.
My article is here https://www.fxvolatile.com/2020/12/auzndz-trend-chart.html
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