jojofang0901

AUDNZD Which One will be weaker ?

Short
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar


Hello traders

As my bias on the AUD and NZD pairs are weakness in them, here on AUDNZD would be interested to see how this pair will develop.

IF both AUD and NZD are bearish , how likely will the direction goes ?

To me, best to look at the price action development to confirm

Here on AUDNZD , we can see a strong bearish impulse down,
and now we can see a larger structure developed.

Double tops, few swing highs and lows are look great as a bearish continuations.

Lastly we see an ascending channel at the top, and if price can commit to the downside with a lower time frame impulse,
and follow by smaller continuation correction, then we can expect the bearish market to resume

Thank you
Comment: No confirmation downside yet,
still waiting for the right price action development.

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