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Bullandbeartrading

AUD/NZD Trade Idea

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
Bullandbeartrading  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators AUDNZD short Forex swingtrade countertrendline doubltetop
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trendanalysis chartpattern indicator audnzd short forex swingtrade countertrendline doubltetop
Hello and welcome to my Trade Idea of the currency pair AUD/NZD.

Lets start with the Top Down Analysis.


Monthly: The overall monthly timeframe is bearish.

Weekly: The last weeks are very bullish but the price is at a strong weekly resistance area and the possibility exists that the price will bounce off there.

Daily: Daily is bullish but the price breaks the counter trendline and retest it.

H4: On the h4 timeframe we see a double top at the weekly resistance.


Have a nice day.
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