AUDNZD RETIRING FROM UPWARD MOVEMENT

13 Haz 2023

AUDNZD is showing signs of retiring from it's upward movement. It formed almost equal highs and failed to break the previous high. Now wait for the pair to officially break the trendline and the area of significance that was formed around 1.10175. After the break, we will look for a sell when the price retest the 1.0175 area and fail to break it from below. SL will be tight at 1.10520 whilst TP1 and TP2 will be at 1.092280 and 1.08047 respectively, which are also significance levels formed during the recent uptrend.