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DeGRAM
Mar 25, 2024 8:16 AM

DeGRAM | AUDNZD divergence at resistance Short

Australian Dollar/New Zealand DollarFXCM

Description

AUDNZD rebounded from the 1.08900 resistance level.

Price reached significant resistance on the D chart.

The market created divergence following a false breakout of the previous high.

We expect a sell off from the level, a retest of the support level, and a 50% retracement level.


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Comments
DeGRAM
Good luck in the markets and have a great trading week!
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