Get started
John_Mwaniki

AUDNZD Analysis: Price may reverse upwards

Long
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
John_Mwaniki  
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Technical Indicators Chart Patterns AUDNZD audnzdlong audnzdsetup audnzdanalysis Ascending Channel
10
0
trendanalysis indicator chartpattern audnzd audnzdlong audnzdsetup audnzdanalysis ascendingchannel
Lately this pair has had a very deep drop in price. It has reached the support line of a rising channel to test it for the third time.
The price is very likely to move towards the resistance line of the channel and of the major falling channel.
Lets wait for bullish reversal confirmations to go long for the 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.