Bullish Market | AUDNZD Long
Hi Traders,
AUDNZD is a bullish environment, it is currently above monthly, weekly and daily support. In the most recent price action, price tested the neckline of the W formation, which aligns with the 0.5 fib level. Price bounced off this support and we can expect price to reach the 0.27 fib level.
What are your thoughts?
Remember to do your own trade analysis and use proper risk management. Wait for spread to reduce before entering this trade at market open.
AUDNZD is a bullish environment, it is currently above monthly, weekly and daily support. In the most recent price action, price tested the neckline of the W formation, which aligns with the 0.5 fib level. Price bounced off this support and we can expect price to reach the 0.27 fib level.
What are your thoughts?
Remember to do your own trade analysis and use proper risk management. Wait for spread to reduce before entering this trade at market open.