Possible strong pullback towards the trend line
. Price has broken trend line
channel to the upside and now would be a good time to place a sell trade on the pullback to the trend line
. Price has also been moving under both the 200 and 50 EMA
which is still indicating a strong short bias. I expect the price to move back to the trend line
and then go all the way up. The first target will be the first support turned resistance. FX:AUDNZD
Will be holding until next week as it is Friday tomorrow.