OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
D1 - Price has reached a key resistance zone.

Bearish divergence.

Until this key resistance zone holds my short term view remains bearish here.

H4 - Currently it looks like the price is moving inside a small range.

Bearish divergence.

If we get a valid breakout below the strong support zone we may then consider it as a validation for the bearish view.

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.