Hi Traders! We have an excellent AUDNZD sell opportunity forming.
IMPORTANT – Don’t overexpose yourself to too many NZD pairs.
AUDNZD H4 Chart:
In the H4 chart the price has created a range with the highs reaching the same resistance zone and lows reaching same support zone. There are two false breaks which confirms this range is a valid one. In this pair the price is moving inside this range and is being respected. Currently the price is slightly below the top of this range. As long as last high is holding, we are after sells.
AUDNZD H1 Chart:
On the H1 chart, we are already in a good place to attack sells. based on the setup that we have gotten. If you want to be more conservative, wait for the trend line breakout on the H4 chart and then look for sells.
Stay tuned for updates and new trading ideas.