bunna

AUDNZD sell the divergence of the antipodean

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
1
Today in the Asian session the AUDUSD has slowly been grinding higher highs while the NZDUSD has been grinding lower lows. As these pairs usually move in lockstep analysis shows the AUDNZD has failed trend line resistance at 1.265 and formed a double top with MACD and RSI also showing bearish divergence.
Selling here provides great Risk to Reward

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.