AUDNZD - Huge Sell Off

27 Eyl 2020

I would like to see a small pullback followed by continued rejections before getting involved in a sell position. As you can see, price failed to hold above the daily resistance level and we have now closed below it and have broken the small ascending trendline. This could be signs that price is failing to push higher and that a significant sell-off is pending.

COT Data - 57% Long