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Australian Dollar / New Zealand Dollar
Short

AUDNZD: Bearish Outlook Explained 🇦🇺🇳🇿

538
snapshot

AUDNZD is testing a wide daily horizontal supply area.
The price formed a double top pattern, approaching that on an hourly time frame
and broke its neckline with a high momentum bearish candle.

I expect a retracement to 1.0848 / 1.0828

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AUDNZDaussieaustraliandollarDouble Top or BottomMultiple Time Frame AnalysispriceactionpriceactionanalysispriceactionstrategypriceactiontradingSupply and Demand

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AUDNZDaussieaustraliandollarDouble Top or BottomMultiple Time Frame AnalysispriceactionpriceactionanalysispriceactionstrategypriceactiontradingSupply and Demand
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

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Also on:

Related publications

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.