Nice idea on AUDNZD and there may be bearish bias as you have identified. The resistance that we have found is at 1.0900, falls within your sell zone. It is a horizontal overlap resistance with 61.8% x2 Fibonacci extension and 50% Fibonacci retracement. Stochastic is approaching its resistance at 96.1% where a corresponding reversal could occur. If a corresponding reversal does occur, we may want to look at the 1.0859 support level. It is a horizontal overlap support with 50% Fibonacci retracement. Looking forward to seeing how things develop.
Please have a look at our idea and share with us what you think.
Please have a look at our idea and share with us what you think.