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JoeChampion

AUDNZD Breakout and Potential retrace

Short
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
JoeChampion Updated   
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Technical Indicators Beyond Technical Analysis AUDNZD aud NZD SELL short Bearish Patterns Technical Analysis Contains image
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trendanalysis indicator beyondta audnzd aud nzd sell short bearish technicalanalysis containsimage
Hey Traders, in the coming week we are monitoring AUDNZD for a selling opportunity around 1.09400 zone, AUDNZD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.09400 support and resistance area.
Trade safe, Joe.
Comment:
snapshot

speaking about the monetary policy AUDNZD has a decent likelihood to break below 1.09 with RBNZ outhawking RBA
Trade active:
snapshot

AUDNZD did retrace successfully!
will be monitoring now the progress closely!
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