AUDNZD Range High/Low| Swing High| Price Action| Trend
Evening Traders,
Today’s analysis – AUDNZD – trading back with in its range with a deviation back towards the lows,
Points to consider,
- Price Action Impulsive
- Range High Resistance
- Range Low Support
- Low Volume
AUDNZD’s immediate price action is impulsive, trading below its range high, putting in a potential bearish retest.
The immediate objective is the range low support, testing this level is probable for a price action rotation.
The current volume profile is below average, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, AUDNZD is a valid short with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
Today’s analysis – AUDNZD – trading back with in its range with a deviation back towards the lows,
Points to consider,
- Price Action Impulsive
- Range High Resistance
- Range Low Support
- Low Volume
AUDNZD’s immediate price action is impulsive, trading below its range high, putting in a potential bearish retest.
The immediate objective is the range low support, testing this level is probable for a price action rotation.
The current volume profile is below average, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, AUDNZD is a valid short with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas