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AUDNZD Potential Short with good risk reward 1:3

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Dollar Australia / Dollar New Zealand (FX:AUDNZD)  
barry_fxtrader  
FX:AUDNZD   Dollar Australia / Dollar New Zealand
AUDNZD audnzdshort structure Support and Resistance riskreward
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audnzd audnzdshort structure supportandresistance riskreward
As you can see there is a potential short scenario present on AUDNZD daily and weekly time frames. If price on the daily can maintain a close below 1.0430 there is a high possibility that this pair could make its way all the way down to 1.0000 (Parity) as a previous weekly/monthly structure level.
Be cautious however if price starts to break to the upside.

Happy trading!

BTFXT
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