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zorrays

AUDNZD - SELL - DESCENDING WEDGE

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
zorrays Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Wedge Support and Resistance Fibonacci AUDNZD Relative Strength Index (RSI) Divergence Forex fx
6
0
wedgepattern supportandresistance fibonacci audnzd relativestrengthindex divergence forex fx
1, Falling Wedge
2, RSI Divergence
3, Monthly Support Level

TARGETS BASED ON FIB CLUSTERED CONFLUENCE WITH PREVIOUS STRUCTURE
Comment:
Aussie Weighted Average (Relative S/W) - As you can see the strength and weakness of both currency pairs correlates perfectly well with the technical analysis on the chart - Aussie just broke the descending wedge and is also on a support level

snapshot
Comment:
NZD Weighted Average (Relative S/W) - Kiwi on the other hand has formed an ascending wedge and is within an important monthly resistance area which indicates to me that it is due to fall.....

snapshot
Comment:
FOR YOUR INFORMATION - IT SAYS SELL - BUT THIS IS IN FACT A BUY - TYPO MISTAKE. MY APOLOGIES.
Comment:
TP1
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