gongambol
Long

AUD/NZD possible correction?

FX:AUDNZD   Australian Dollar / New Zealand Dollar
As we can see from the chart, there was a good sell-off on this pair that led the price to move within this highlighted descending channel . Helping us with RSI and CCI , can be seen from the first one that has reached an oversold area from which the price often corrected and from the second that a divergence has formed. Otherwise, the highlighted area in green has often provided support. You can then attempt a short-term long position with a likely return to the upper line of the channel. If we return to that area, we will evaluate how the price will react to anticipate new evolutions.

S.G.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out