BKTradingAcademy

AUDNZD I Potential short near resistance zone

Short
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
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AUDNZD is in correction after a three week consecutive
fall to the downside. Since the price action is bearish and
trading below the 50 MA, we will be monitoring for a short
near previous resistance 1.0740 - 1.0790. If the price doesn't
return near the resistance area, it will fall to the demand level
1.0588. Short!

Trade safe and good luck!

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