Trade_Journal

AUD/NZD - I've got another idea!

FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUD/NZD In a beautiful channel going up.

If we see the bears get in further control we could head down out of channel to 0.618 area which matches out support areas.

If the bulls stay within this channel we will see a re-test of bullish momentum areas and could go towards 161.8 high areas to the next resistance areas.

Patience is key!

Just a trade idea, not a recommendation.
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.