Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
AUDNZD bounces down from the Overbought Zone
Australian Dollar / New Zealand Dollar
Short
AUDNZD bounces down from the Overbought Zone
By AwesomeAvani
Follow
Follow
Jun 9, 2023
4
Cheer
Cheer
Jun 9, 2023
On the 15 minute chart- the AUDNZD pair is shown to have encountered overhead horizontal
resistance by the Luxalgo indicator. It has been unable to get above the 2nd standard deviaion
line of the anchored VWAP and deflected downward. Price is now below the POC line of
the multisession volume profile. Overall, bearish bias is on the chart as confirmed by the
zero lag MACD with the lines crossing down on the horizontal zero line. I will trade an additional
short sell trade on this pair and review the strength of AUD as compared with EUR USD and
JPY for other trade possibilities. My target here is the underlying green zone of support and
demand.
anchoredvwap
AUDJPY
AUDNZD
AUDUSD
aussiedollar
EURAUD
forexshort
Oscillators
Support and Resistance
Volume
vwapbands
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.