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ForecastCity
Dec 29, 2020 1:16 PM

πŸ’‘Don't miss the great sell opportunity in AUDNZDΒ Short

Australian Dollar/New Zealand DollarFXCM

Description

β‹…
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.0667).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. AUDNZD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 30.

Take Profits:
TP1= @ 1.0641
TP2= @ 1.0625
TP3= @ 1.0591
TP4= @ 1.0563
TP5= @ 1.0515

SL: Break Above R2

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Comments
carefulOwl22772
β‹…
Looks great. Thanks for sharing!
ForecastCity
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@carefulOwl22772, You're very welcome!
We hope you enjoy it.
Josef_anderson
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I think the trend is developing well. Good job my friend.
ForecastCity
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@Josef_anderson, Thanks. πŸ‘
Pro_Trader_007
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Good call! tnx for sharing it
ForecastCity
β‹…
@Pro_Trader_007, You're welcome. πŸ‘
Kristalyn
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Please update it. Thanks
ForecastCity
β‹…
@Kristalyn, You're welcome. It will be updated on the website.
ForecastCity
β‹…
@Kristalyn, They will be updated on the website.
Kamryn
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Targets are perfect, Thanks. πŸ‘
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