AUDNZD Waiting for confirmation....

FOREXCOM:AUDNZD   Australian Dollar / New Zealand Dollar
Personally I believe AUDNZD is in a downtrend. Showing Lower Highs and Lower Lows, the slight uptrend could be a sign of trend reversal however as it tried to retest and failed I believe this to be continuing down. Once confirmed by either breaking resistance line (red) or breaking trend line (green) will look for entry.

Criticism and advice always welcomed as its the only way to learn.


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