Looking at AUDNZD for the week, I see the possibility of it going short if it breaks the POC area of 1.7000, we wait for a retest before going short, otherwise we wait for the price to test the trendline or POC area 1.07860 before going short, knowing that more Contract was added on Short for the AUD compared to the NZD, Also there is more weight on the AUD compare to the NZD, again the volatility for Eurnzd was increased by 12%. Therefore, my overall basis for this pair is short.
Wait for a proper price action before going short as the price may likely go up for a stop hunt.
Also, let me know your take on the comment session about this pair. thanks
Wait for a proper price action before going short as the price may likely go up for a stop hunt.
Also, let me know your take on the comment session about this pair. thanks