ForexWizard01

AUDNZD is preparing for drop to monthly support!

Short
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD has formed a head & shoulder on the resistance after breakout and retest. In the big picture, AUDNZD is likely to drop to at least to monthly 38.1% fib level as the market is over-extended to the upside. Upon price action confirmation, a sell trade is highly probable.

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