Orion-Markets

AUDNZD approaches resistance zone

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD has pulled back to key resistance zone. It is now trading at daily bollinger band resistance, 4hr trend and horizontal level and 61.8% fib. The pair is overbought on the short term. With AUD price buoyed by the price of oil we are expecting a bearish retracement.

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.