AUDNZD - Possible breakout around the corner
Price looks heavy and is at the moment trying to break through the 1.0400 handle for the 4th day in a row. On the 4 hour chart we can clearly see volatility decreasing towards the level indicating a possible squeeze.
As I see it now there are 3 possible scenarios.
1. Price breaks through 1.0375, re-tests the level and sells off towards 1.0310 or even 1.0250.
2. Price bounces off 1.0375, re-tests 1.0415 and the sells off.
or
3. Price fails again to break through 1.040 on a daily closing basis and the bulls come in and push the pair higher.
As I see it now there are 3 possible scenarios.
1. Price breaks through 1.0375, re-tests the level and sells off towards 1.0310 or even 1.0250.
2. Price bounces off 1.0375, re-tests 1.0415 and the sells off.
or
3. Price fails again to break through 1.040 on a daily closing basis and the bulls come in and push the pair higher.
Dagangan ditutup secara manual
Bears did not manage to produce a breakout. Instead we saw a retrace to 1.0415 with a healthy rejection off that level. Took out some profit around 1.0400 before the bulls stepped back in. Remaining position stopped out at break even.
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.