Hello and welcome to my Trade Idea of the currency pair AUD/NZD.
Lets start with the Top Down Analysis.
Monthly: The overall monthly timeframe is bearish.
Weekly: The last weeks are very bullish but the price is at a strong weekly resistance area and the possibility exists that the price will bounce off there.
Daily: Daily is bullish but the price breaks the counter trendline and retest it.
H4: On the h4 timeframe we see a double top at the weekly resistance.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The overall monthly timeframe is bearish.
Weekly: The last weeks are very bullish but the price is at a strong weekly resistance area and the possibility exists that the price will bounce off there.
Daily: Daily is bullish but the price breaks the counter trendline and retest it.
H4: On the h4 timeframe we see a double top at the weekly resistance.
Have a nice day.