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thesavior
Apr 20, 2019 8:24 AM

AUDNZD D1 Long Idea Long

Australian Dollar/New Zealand DollarFXCM

Description

AUD/NZD had broken descending channel and rallying through a supply zone and formed a new demand zone which means bull in control. With a supply zone ahead at 1.0710 which is touched on 17/Apr, currently price may trade sideways and then rally towards 1.0810 or drop to 1.0610 then rally towards 1.0810. SL around 1.0530 area as it may trigger a risk of 200pips free fall.
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