Contributors Technical Analysis AUD/NZD Bearish Domination

AUD/NZD Bearish Domination

The AUD/NZD is very bearish. I expect the continuational move towards lower levels of support.

As the price is breaking below Q L4 and M L3, we can expect a bearish continuation move. Watch for M L5 and Q L5 as targets 1.0250-1.0200. The main point of this config is that the price has broken through Q L4 which is the 3-month breakout. It is also below M L4 which signifies for a double breakout point to the full TP.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version