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AUDNZD Weekly Reversal or Weekly Retracement

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
SmithFX_id  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Support and Resistance Oscillators Multiple Time Frame Analysis Divergence regulardivergence AUDNZD arearesistence areasupport
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supportandresistance oscillator mtfa divergence regulardivergence audnzd arearesistence areasupport
In this analysis i spot a regular bearish divergence on weekly timeframe

So there is 2 scenario

- This is a sign of weekly retracement

or

- This is a sign of a reversal into a bearish trend for the new trend change
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