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AUDNZD / H4 / Technical Analysis

Short
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
FxTicks Updated   
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis AUDNZD audnzdshort
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trendanalysis audnzd audnzdshort
When we look at the daily chart, the pair seems to be in a downtrend for a long time. It tried to bounce upwards but couldn't get past the higher lows of the previous level and got rejected which tells us that this pair might have more potential to go downwards than upwards.
Good luck and Trade Green!
Trade active
Trade closed: stop reached
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