ForecastCity

There is a sell opportunity in AUDNZD

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0531). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDNZD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 37.

Take Profits:
TP1= @ 1.0457
TP2= @ 1.0382
TP3= @ 1.0307

SL: Break Above R2
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