AUDNZD Bearish Range Resistance
I see bearish range resistance and .618 fib line resistance at this AUDNZD level.
I set a stop loss at 1.09149 which is a few pips above the monthly high.
I'm looking for a return to lower levels at 1.06646
*Note: The AUD could regain strength soon as XAUUSD is approaching support, but I trust technical trends more than market sentiment. Watch for confirmation. Cover your trades with stop losses.
*Note: I would also like to add I'm in favor of this range because AUD and NZD are close in price and even if the Australian Dollar gets stronger, I don't think it will be enough to break the trend.
I set a stop loss at 1.09149 which is a few pips above the monthly high.
I'm looking for a return to lower levels at 1.06646
*Note: The AUD could regain strength soon as XAUUSD is approaching support, but I trust technical trends more than market sentiment. Watch for confirmation. Cover your trades with stop losses.
*Note: I would also like to add I'm in favor of this range because AUD and NZD are close in price and even if the Australian Dollar gets stronger, I don't think it will be enough to break the trend.
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.