Hello and welcome to my Trade Idea of the currency pair AUD/NZD.
Lets start with the Top Down Analysis.
Monthly: The last month is strong bullish but the overall trend is bearish.
Weekly: Here we see the pullback to the upside in more detail but the trend is bearish.
Daily: On the daily timeframe we see that the market is at a strong resistance area, we expect a bearish push.
H4: We draw on the h4 timeframe the counter trendline and expect a push to the low.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The last month is strong bullish but the overall trend is bearish.
Weekly: Here we see the pullback to the upside in more detail but the trend is bearish.
Daily: On the daily timeframe we see that the market is at a strong resistance area, we expect a bearish push.
H4: We draw on the h4 timeframe the counter trendline and expect a push to the low.
Have a nice day.
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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.
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.