AlbionTrader

AUDNZD ready for reversal on a resistance zone?

Short
FX_IDC:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD might be ready for a reversal on a zone of resistance.
AUD has been bullish for quite long now and the indicators start to show divergence.

The reversal zone has been serving as Support or Resistance in July 2014, May 2015, end of January 2016.

We might want to wait for an optimal entry point and then let the market decide how this will go - possibly with a first Profit around 1.066

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