AUDNZD - DOWNSIDE ON DAILY - DEATH CROSS FORMING
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AUDNZD has finally hit support after we followed the price up to the previous high and took profit.
Looking at the daily and weekly candles, it looks like a clear rejection is present and that the price will continue to fall after finding support below the current fibonacci level shown. I would expect to see a death cross form over the coming days / week.
AUDNZD has finally hit support after we followed the price up to the previous high and took profit.
Looking at the daily and weekly candles, it looks like a clear rejection is present and that the price will continue to fall after finding support below the current fibonacci level shown. I would expect to see a death cross form over the coming days / week.
Comment:
Correction - AUDNZD has finally hit resistance.... :)