AUDNZD Sell opportunity

16 Kas 2023

The AUDNZD pair hit both our sell and buy Target since we last looked at it (see chart below) on September 26:

The price is now both on the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) which move parallel and has started the new bearish wave (red arc) towards the Higher Lows trend-line of the long-term Triangle pattern. As you can see, this is the 4th rejection on the 1.093250 Symmetrical Resistance. The 1D MACD Bearish Cross simply confirmed the continuation. We are selling this and target 1.06500.

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