Get started
MtxTrader

AUDNZD Head & Shoulders Idea Still Holding

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
MtxTrader  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD LONG buy Head and Shoulders neckline priceaction
2
0
audnzd long buy headandshoulders neckline priceaction
Just as I predicted earlier last week, AUDNZD went down to the 1.04 area to complete the second shoulder of this inverted formation. Now it will likely be heading up to the 1.07 area to the neckline resistance, and hopefully, even more past that.

I suppose a buy order would work when markets open, with a target just below 1.07, so like 1.0685.

Overall, I am bullish on this pair.

Related Ideas

MtxTrader
AUDUSD Symmetrical Triangle w/ Long Term Resistance TL
MtxTrader
USDCHF Direction Yet to be Determined
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.