The pair is on a strong bullish
leg since the March 19th bottom on the 1D chart ( RSI
= 68.147, MACD
= 0.007, ADX
= 52.319). However on the wider 2 year scale this is just the Lower High leg within a long term Channel Down. This bullish
leg pushed the 1D RSI
inside the Resistance Zone
(which always delivers a drop
) for the first time since September 2019. This is a good long term sell opportunity for us having a Target close to the 1.0000 Support.
Previous trade on AUDNZD:
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