Technician
Short

AUDNZD: Time for a Downside Pullback!

FX:AUDNZD   Australian Dollar/New Zealand Dollar
686 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.

Best of Luck , join me at https://twitter.com/thefxchannel
Also at my Facebook             page http://www.thefxchannel.com
My best regards,
Technician
My trading ideas channel https://telegram.me/technician_forex_trades

Get your gift : https://thefxchannel.com

Skype: Technician - The forex channel
hey technician, can update us with NZDUSD?
Reply
Hey GohSam, i will update it soon
Reply
Sam0101 Technician
Kiwi quite weak at this time. Will it able to make it ?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out