MtxTrader

AUDNZD Descending Triangle

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD 4h, probably down to 1.0250 soon, may first go up to retest resistance trendline.

It could go up once again, but with the bearish momentum I think a short is more reasonable.

Either way, we will know within a day's worth of 4h candles, either a bounce from the support or a support breakout.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.