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Mihai_Iacob

AudNzd- 1.08 should provide a good selling opportunity

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
Mihai_Iacob  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators AUDNZD audnzdlong audnzdforecast audnzdanalysis audnzdshort audnzdsell audnzdsignal audnzdidea
14
5
trendanalysis chartpattern indicator audnzd audnzdlong audnzdforecast audnzdanalysis audnzdshort audnzdsell audnzdsignal audnzdidea
After finding strong support at 1.03 at the end of November, AudNzd has started to rise and now is approaching 1.08 strong resistance.
AudNzd is usually a range pair and I expect retracement after reaching this zone
Bears can target 1.06 support for their trades
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