AUDNZD Which One will be weaker ?
Updated
Hello traders
As my bias on the AUD and NZD pairs are weakness in them, here on AUDNZD would be interested to see how this pair will develop.
IF both AUD and NZD are bearish, how likely will the direction goes ?
To me, best to look at the price action development to confirm
Here on AUDNZD, we can see a strong bearish impulse down,
and now we can see a larger structure developed.
Double tops, few swing highs and lows are look great as a bearish continuations.
Lastly we see an ascending channel at the top, and if price can commit to the downside with a lower time frame impulse,
and follow by smaller continuation correction, then we can expect the bearish market to resume
Thank you
Comment
No confirmation downside yet,still waiting for the right price action development.
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