AUDNZD looks good but don't really like to take positions on Friday to hold for the weekend. What I am hoping to see next week is a possible bounce to create a right shoulder before breaking below the neckline.
A nice uptrend that was displayed and we reached a big resistance/supply zone. You can see that the trend is beginning to exhaust and we are awaiting the first lower high. You can argue that once we broke 1.0680, we could have entered but I think the better probability for success is to see a pattern.
A big flip zone below would be the 1.0540 zone.
A nice uptrend that was displayed and we reached a big resistance/supply zone. You can see that the trend is beginning to exhaust and we are awaiting the first lower high. You can argue that once we broke 1.0680, we could have entered but I think the better probability for success is to see a pattern.
A big flip zone below would be the 1.0540 zone.
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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.