AUDNZD presents yet another opportunity for short trades. Our previous setup delivered on both TP1 and TP2 of the short entries. Now here we are again. Whats it gonna be? In price action, we see a clear down trend on H1, H4 and Daily charts. We also have a head and shoulder formation on the Daily, which appears at what appears to be the end of the uptrend, which started in July of 2017. This is why am sentimentally bearish on this pair. Here is what happened on the previous setup:
Fundamentals to lookout for include the following: AUD: Australian Credit Card Purchases and Australian Credit Card Balances NZD: Chinese Aggregate Financing, Chinese New Yuan Loans, Chinese Money Supply M0, M1 and M2