AUD/NZD possible correction?

1 juin 2017

As we can see from the chart, there was a good sell-off on this pair that led the price to move within this highlighted descending channel. Helping us with RSI and CCI, can be seen from the first one that has reached an oversold area from which the price often corrected and from the second that a divergence has formed. Otherwise, the highlighted area in green has often provided support. You can then attempt a short-term long position with a likely return to the upper line of the channel. If we return to that area, we will evaluate how the price will react to anticipate new evolutions.

S.G.