Trend_Analyst

AUDNZD Possible Short Trade Set Up

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD is currently testing the 1.04520 area for resistance. Looking for the 10 period MA to hold back any further advance before we see a move down to breakout below the rising trendline.

Short trade set up, risk to reward 2.8:1
Entry: 1.0456
Stop: 1.0464
Target 1.04100

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