Get started
UnknownUnicorn890690

AUDNZD 4H Chart: Re-tested upper channel

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
UnknownUnicorn890690  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators AUDNZD aussie kiwi NZD aud australiandollar
3
0
trendanalysis chartpattern indicator audnzd aussie kiwi nzd aud australiandollar
The Australian Dollar continued to be trading in a down channel against the New Zealand Dollar after hitting the upper boundary of the dotted channel on January 29.

The currency exchange rate could continue moving south after the upper channel is re-tested .

During the following trading sessions, the movement is likely to continue downwards to find support at the monthly S2 at 1.0725. In addition, technical indicators favour a further decline for the AUD/NZD pair.
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.