TradingView
EvanJones
Mar 7, 2017 9:43 AM

Clearly Over-extended Short

Australian Dollar/New Zealand DollarFXCM

Description

AUDNZD has been bulldozing its way North due to a weak Kiwi Dollar.

That's about to change with a rejection at the fib level and the bearish candle prior to previous candle indicating a movement towards the missed weekly pivot shown in the figure. Stops above the fib with a safe target half way to the pivot.
More