Audnzdshort
AUDNZD. Price has broken through the resistance level.Hello dear friends.
The price has broken through the resistance level.
This is due to the fact that the price was in the upward channel,
pushing away from the key level.
It's time for the price to go down to the level of 1.05000.
Good luck to you.
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AUDNZD DAILY ANALYSISAUDNZD DAILY ANALYSIS
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Strong bullish continuation on audnzd these last 5 days.
soon we might see a pullback.
safest area to short from is 1.050 - 1.053 resistance:
we see a perfect fib. confluence and horizontal structure on the left.
For the target you can aim at 1.035
AUDNZDThis pair has some potential for a short, but AUD has been very strong this week. It is over extended though and needs to make a retracement. Look for price action on top now and enter from there. My analysis is clear on this one. But, it might not go as low as indicated. If taken correctly a 1:3 RR might develop
This not trading advice and should not be taken as such
AUDNZD short trade ideaPlan : support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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