Technician
Short

AUDNZD: Time for a Downside Pullback!

FX:AUDNZD   Australian Dollar / New Zealand Dollar
688 3 9
AUDNZD             has reached a key long term resistance level , which you can clearly spot if you zoom out to the weekly chart. The price has shown signs of hesitation and a bearish shooting star candle at that level, and also around the 1.271 extension for the latest major bearish wave as spotted on chart. A slight bearish divergence is also seen on RSI momentum.

Accordingly, I am expecting a downside correction and a retest of 1.1050 broken resistance level , which should turn to a support now, a break with clear multiple day of closing above 1.1210 would negate the bearish correctional setup.

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My best regards,
Technician
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hey technician, can update us with NZDUSD?
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Hey GohSam, i will update it soon
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Sam0101 Technician
Kiwi quite weak at this time. Will it able to make it ?
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