AUDNZD has had an extended bullish move over the past 4 days and the pair is overbought.
a key resistance level is at 1.06645
The pair is showing potential of a bearish pullback as the peak is forming a double top and the EMA,50 and EMA,200 is detached from the pair.
In conclusion my trade set up
Entry : 106613
S/L: 1.06743
TP : 105958(@ EMA,200)
a key resistance level is at 1.06645
The pair is showing potential of a bearish pullback as the peak is forming a double top and the EMA,50 and EMA,200 is detached from the pair.
In conclusion my trade set up
Entry : 106613
S/L: 1.06743
TP : 105958(@ EMA,200)