AUDNZD Short Idea

7 thg 1, 2022

AUDNZD has been in an uptrend since hitting the support area of 1.306. Since then AUDNZD has been setting higher lows but it just reached the key level of 1.0695. This level has witnessed some sell-off prior to this uptrend and it appears the same is happening now. The price has been unable to surpass this recent high which is my short-term bias is Short. The target of this trade is 650 points near the confluence zone of 1.0502. The stop-loss area for this trade is located just above the recent high.