AUDNZD - anticipating channel fakeout to the upside, then short
After the double top in the previous month, AUDNZD has been trading in the sideways channel/wedge. This likely created a concentration of stop-loss stop-market orders above the channel, but I do not think that AUDNZD can grow from the fundamental perspective or from that of interest rate differentials. If there is a fakeout, it will offfer nice short entry.
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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.