InvestingScope
Short

AUDNZD: Long term Sell opportunity.

FX_IDC:AUDNZD   Australian Dollar / New Zealand Dollar
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:




** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...) to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (http://www.investingscope.com).

Comments

I have it on watchlist as well, here is what I see
Reply
Great view and idea
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out