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Simple_Renko

AUDNZD Short Opportunity

Short
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
Simple_Renko Updated   
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Supply and Demand Support and Resistance Trend Lines
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supplyanddemand supportandresistance trendline
See callout bubbles. We'll need to see some weakness out of the NZD, but if price gets back up to red highlighted zone, I would expect price to correct and head down. I believe that there is some good potential with this one!
Comment:
Still waiting for the market to come up a bit for entry. Remaining patient. Sticking with short bias as NZD looks like the stronger currency overall for the time-being.
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