Watching for Pullback Into Resistance
Price on the AUDNZD has been in a steady trend for the past three months now.
As the daily chart shows; price has been making a series of lower lows and lower highs backed with some strong momentum.
Looking to trade inline with this momentum with short trades looks the best play whilst the trend lower holds.
If price can now rotate back higher into the overhead resistance it could provide a potential area to start hunting short trades on the daily and intraday time frames.
As the daily chart shows; price has been making a series of lower lows and lower highs backed with some strong momentum.
Looking to trade inline with this momentum with short trades looks the best play whilst the trend lower holds.
If price can now rotate back higher into the overhead resistance it could provide a potential area to start hunting short trades on the daily and intraday time frames.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.