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barry_fxtrader

AUDNZD Potential Short with good risk reward 1:3

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
barry_fxtrader  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD audnzdshort structure Support and Resistance riskreward
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audnzd audnzdshort structure supportandresistance riskreward
As you can see there is a potential short scenario present on AUDNZD daily and weekly time frames. If price on the daily can maintain a close below 1.0430 there is a high possibility that this pair could make its way all the way down to 1.0000 (Parity) as a previous weekly/monthly structure level.
Be cautious however if price starts to break to the upside.

Happy trading!

BTFXT
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