This is more of a indicator chart for me,
one of my fave set ups retrace of a strong trend move in to the 61% fib and then rejection
I have a bearish bias on comm backed currencies anyway so this helps me choose a short between NZDUSD which has been quite bullish anyway and AUDUSD which looks ready to fall.
Looking at this chart I am seeing more AUD weakness and will watch AU closer than NU for opportunities to buy the dollar
one of my fave set ups retrace of a strong trend move in to the 61% fib and then rejection
I have a bearish bias on comm backed currencies anyway so this helps me choose a short between NZDUSD which has been quite bullish anyway and AUDUSD which looks ready to fall.
Looking at this chart I am seeing more AUD weakness and will watch AU closer than NU for opportunities to buy the dollar
