YGForex

AUDNZD Downward Momentum Slowing Down

Long
FX:AUDNZD   Dollar Australien/Dollar Néo-zélandais
As we can see, BEARISH momentum have slowed down for now as we start seeing movement at the upper side of the ichimoku cloud. There was great consolidation in the cloud before yesterday's candle close. This give us a BULLISH opportunity to the resistance zone (red zone). That is also where I will expect a price rejection followed by BEARISH movement.

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