Hello and welcome to my Trade Idea of the currency pair AUD/NZD.
Lets start with the Top Down Analysis.
Monthly: The last month is strong bullish but the overall trend is bearish.
Weekly: Here we see the pullback to the upside in more detail but the trend is bearish.
Daily: On the daily timeframe we see that the market is at a strong resistance area, we expect a bearish push.
H4: We draw on the h4 timeframe the counter trendline and expect a push to the low.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The last month is strong bullish but the overall trend is bearish.
Weekly: Here we see the pullback to the upside in more detail but the trend is bearish.
Daily: On the daily timeframe we see that the market is at a strong resistance area, we expect a bearish push.
H4: We draw on the h4 timeframe the counter trendline and expect a push to the low.
Have a nice day.