Royal_Trades

AUDNZD - Long Opportunity - 1D Technical Analysis

Long
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Last week, the price faced rejection from the bullish trend for the third time. This week, we may see another retest of the bullish trendline and a potential reversal in the trend, with the price reaching the previous resistance level at 1.08760. Please refer to the chart for further details.

NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.

Let me know in the comment section below if you have any questions, ideas, or thoughts...

Don't forget to like and subscribe!

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.