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.
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