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🟢Forex Pair:
AUD/NZD
⚪Technical Analysis:
Since the beginning of December 2020, the price has been following a clear uptrend, after it got a strong impulse on the level at about 1.04200, that moved the price up in an ascending channel.
Once the price reached the level at about 1.08500, it got a rejection, falling down until the level 1.06830.
This level is an interesting support zone and it also matches with the dynamic trendline of its channel.
🔴Conclusion:
I think that the level 1.6870 is really an interesting area, the price previously got a consolidation over there and it's now re-testing the same level.
I'm confident to see a new positive impulse and once I will eventually confirm it, I'll plan my long position on this trade.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
🟢Forex Pair:
AUD/NZD
⚪Technical Analysis:
Since the beginning of December 2020, the price has been following a clear uptrend, after it got a strong impulse on the level at about 1.04200, that moved the price up in an ascending channel.
Once the price reached the level at about 1.08500, it got a rejection, falling down until the level 1.06830.
This level is an interesting support zone and it also matches with the dynamic trendline of its channel.
🔴Conclusion:
I think that the level 1.6870 is really an interesting area, the price previously got a consolidation over there and it's now re-testing the same level.
I'm confident to see a new positive impulse and once I will eventually confirm it, I'll plan my long position on this trade.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
