Maverick45
Short

AUDNZD 4HR - Bearish Divergence

OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
OANDA:AUDNZD
Between 3rd Sept and 5th Sept, price failed to make to a higher high, while macd displace a lower high signalling bearish divergence. Expecting a move down to the 200EMA, Weekly S1, 75 fib at 1.057. Would look to re-evaluate price once it reaches this zone to see if price continue up or drop lower.

Short at 1.065 with a target of 1.057 and then re-evaluate direction.
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