AUDNZD Looks Bullish Rest of 2019
On the longer-term monthly chart, AUDNZD looks bullish too me, related to strong support (& a lot of short-sellers caught since, beginning of the year still.) Around 360 pips of short-sellers below major support have been caught below the current price action.
Price retraced to.382 level already this month and then went upwards, 1st target is noted A (170 pips) and 2nd target is noted B (500 pips) on the chart.
Will be looking at Bull trades until the end of the year on shorter time frames, depending on if you are looking for longer or shorter trades, margin, lot sizes, and money management.
Red 30% trend angle line is noted on the chart and is slowest trend line that current bear trend needs to respect for it to continue downwards, this is still above current price action on charts now, so price action has time to move up and decide on lower time frames, what to do.
Wish you best and Keep on keeping on with making wise trades, by putting the odds on your side and stick to your trading edge too.
Price retraced to.382 level already this month and then went upwards, 1st target is noted A (170 pips) and 2nd target is noted B (500 pips) on the chart.
Will be looking at Bull trades until the end of the year on shorter time frames, depending on if you are looking for longer or shorter trades, margin, lot sizes, and money management.
Red 30% trend angle line is noted on the chart and is slowest trend line that current bear trend needs to respect for it to continue downwards, this is still above current price action on charts now, so price action has time to move up and decide on lower time frames, what to do.
Wish you best and Keep on keeping on with making wise trades, by putting the odds on your side and stick to your trading edge too.