AUDNZD - going back down.
Been looking at the AUDNZD on a purelly technical, price action, way.
On a daily chart, even on an impetuous climb since December 2nd, it seem to be rejecting the 1.083 level of last July.
Ging into a 4h chart we can see a strong double top very close to the trendline on this climb.
This in turn may result on a lower high on the 1D and when the trend line is broken it can make a strong selloff until 1.034 levels.
Stay tuned
On a daily chart, even on an impetuous climb since December 2nd, it seem to be rejecting the 1.083 level of last July.
Ging into a 4h chart we can see a strong double top very close to the trendline on this climb.
This in turn may result on a lower high on the 1D and when the trend line is broken it can make a strong selloff until 1.034 levels.
Stay tuned
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