AUDNZD: Up to 800+ Pips Selling Zone, One Not To Miss

May 9

Dear fellow traders,

The AUDNZD has been in a strong bullish impulse pattern on the daily timeframe demonstrating bulls’ dominance in this rally. However, over the last week or so, we’ve seen an exhaustion point on the chart. Price has failed to show strong bullish behaviour compared to its previous performance. This suggests bears might take control and ultimately drive the price to our take profit levels. Consider entering at the given selling zone with strict risk management and set your target according to your own risk management strategy.

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The Setupsfx_ Team

May 14

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