AUD/NZD - continuation of bearish trend back to 1.0610
Last week price on AUD/NZD made a bullish pullback in an overall bearish trend. Over the past two days, bullish momentum has subsided, and has made way for bearish sentiment to return. Price has remained constrained within a descending daily trend.
Structure has remained consistent generating lower highs and lower lows on the daily timeframe. As a result, this gives us conviction that it is currently best to enter AUD/NZD short with the target of retesting the support at 1.0610.
Structure has remained consistent generating lower highs and lower lows on the daily timeframe. As a result, this gives us conviction that it is currently best to enter AUD/NZD short with the target of retesting the support at 1.0610.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.