Tickmill

AUDNZD Symmetry Swing Set Up

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD has seen an impressive bounce from our 1.0330 reversal zone. Focus now shifts to descending trend line resistance, the current equality objective and monthly projected range resistance. Look for bearish reversal patterns at 1.0640/1.07 to set Shortt positions initially targeting a retest of 1. 05 and then 1.04 in extension

This analysis is provided as general market commentary and does not constitute investment advice.