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BKTradingAcademy
Oct 16, 2023 2:40 AM

AUDNZD I Potential short near resistance zone Short

OANDA:AUDNZD1W
AUD/NZDOANDA

Description

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Hello,Traders!
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AUDNZD is in correction after a three week consecutive
fall to the downside. Since the price action is bearish and
trading below the 50 MA, we will be monitoring for a short
near previous resistance 1.0740 - 1.0790. If the price doesn't
return near the resistance area, it will fall to the demand level
1.0588. Short!

Trade safe and good luck!

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Comments
FOREXN1
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I also think that the price may have a new bearish impulse here.
LegionQ8
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Looking good to open position right now
WalterMoon
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Quality Post, Thank you brother for showing us this details, I didn't saw it earlier
FirstNameHelen
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Interesting analysis, appreciate your efforts
Gold-Tech
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Wow, this is interesting. Your idea is mostly correct
RLinda
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Good look at the market, keep up the good work)
BKTradingAcademy
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@RLinda, Thanks friend!
HAMED_AZ
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Good job
BKTradingAcademy
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@HAMED_AZ, Thanks Hamed!
KABHI_FOREX_TRADING
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Good job
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