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CoinCaller
Nov 16, 2019 1:55 PM

AUDNZD INTERESTING PLACE Long

Australian Dollar/New Zealand DollarFXCM

Description

AUSSIE DOLLAR HAD BAD FUNDAMENTAL NEWS LAST WEEK AND CAUSED A DRAMATIC RALLY DOWN, PRICE IS CURRENTLY IN A KEY SUPPLY/DEMAND ZONE BUT NO CONFIRMATION FOR ENTRY YET. AS YOU CAN SEE BY THE ANALYSIS TWO OPTIONS WITH THIS PAIR, PRICE ACTION WILL RESPECT CURRENT ZONE AND GO BACK UP TO RETEST PREVIOUS HIGH OR RALLYING WILL CONTINUE DOWN AND SHOULD FIND SUPPORT SOMEWHERE NEAR THE WEEKLY TRENDLINE. KEEP AN EYE ON THIS ONE.
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