I just noticed that AUDNZD rally was rejected today exactly at 0.618 extension of first long leg from 1.00* to 1.08* and pullback to 1.05* plus next round number 1.11. Previously there was no reaction to psychological 1.10 level.
After such a long and fast rally I expected 3D sell or other pattern and deep correction but it was distorted by latest RBNZ decision which sparked jump by 300+ pips.
Anyway, this pair is overbought, we're approaching very strong resistance @~1.13 so I'll sell short but just a two small positions in order to add more later at lower or higher levels. SL above resistance @1.13
After such a long and fast rally I expected 3D sell or other pattern and deep correction but it was distorted by latest RBNZ decision which sparked jump by 300+ pips.
Anyway, this pair is overbought, we're approaching very strong resistance @~1.13 so I'll sell short but just a two small positions in order to add more later at lower or higher levels. SL above resistance @1.13
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.