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ForecastCity
Dec 10, 2020 7:07 PM

💡 Don't miss the great buy opportunity in AUDNZD Long

Australian Dollar/New Zealand DollarFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0515). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.

Take Profits:
TP1= @ 1.0660
TP2= @ 1.0760
TP3= @ 1.0815
TP4= @ 1.0890
TP5= @ 1.1045
TP6= @ 1.1455

SL= Break below S2

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Comments
Kristalyn
It's helpful. Cheers 👍
ForecastCity
@Kristalyn, Cheers 👍
carefulOwl22772
Nice setup!
ForecastCity
@carefulOwl22772, Thank you
DenizKilicDeniz
Thanks for sharing.
ForecastCity
You're welcome @DenizKilicDeniz, Thanks for your constant support
Josef_anderson
It's on my radar. 👍
ForecastCity
@Josef_anderson, We hope you get the most out of it.
Kamryn
Nice mentioning the two scenarios.
ForecastCity
@Kamryn, Thank you for your comment. We appreciate it
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