ForecastCity

Don't miss the great sell opportunity in AUDNZD

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0220). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDNZD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.

Take Profits:
TP1= @ 1.0124
TP2= @ 1.0075
TP3= @ 1.0020

SL: Break Above R2
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Comments

Nice and simple
+4 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, Thanks. we hope you find it beneficial.
Reply
keep it up!
+3 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, Thanks for your comment.
Reply
Great analysis so far,
+3 Reply
ForecastCity Forecast_Crypto
Reply
Are you sure it is a downtrend
+2 Reply
ForecastCity sanjeewasilva1987
@sanjeewasilva1987, There is still a possibility of temporary retracement to suggested resistance line (1.0220).
Reply
I will keep an eye on this!
+2 Reply
ForecastCity Best_Forecast
@Best_Forecast, Great. Please don't forget to share your feedback.
Reply
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