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ClearTradingMind

AUDNZD Reversal: Key Fib Level Could Signal Further Bearish Move

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
ClearTradingMind  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Technical Indicators Chart Patterns Contains image
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trendanalysis indicator chartpattern containsimage
AUD/NZD 1-hour chart shows a clear example of a trend reversal by breaking the lower high. Now, I'm watching the 0.5 Fibonacci level. If the price breaks this level at 1.09650, I anticipate a further bearish move. Let's wait and see what happens next.
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