AUDNZD long term technical short setup Short

FX:AUDNZD1W

Australian Dollar/New Zealand DollarFXCM

Description

⋅ May 29, 2016 1:54 AM

FX:AUDNZD

Comment

⋅ May 29, 2016 2:01 AM

This trading setup is purely a long term technical setup.
NZD is expect to devalue in the coming months. Thus I believe that this pair should see a pullback to value near the (0.318 / 0.50 ) Fibonacci retracement levels.

Comment

⋅ May 29, 2016 2:01 AM

Before continuing its downtrend