Hey Traders,
Earlier this year AUD/NZD broke and traded strongly above the 200 Moving Average prompting a strong bullish run towards the year long resistance level of 1.076, where price paused for a few weeks before breaking out of the year long base it had formed.
RSI readings currently read oversold, obviously. So What I would expect or wait for is a pullback to the highlighted support area for a potential opportunity to go long. Keyword: potential.
Hope you enjoyed my simple form of technical analysis.
Cheers. =)
Earlier this year AUD/NZD broke and traded strongly above the 200 Moving Average prompting a strong bullish run towards the year long resistance level of 1.076, where price paused for a few weeks before breaking out of the year long base it had formed.
RSI readings currently read oversold, obviously. So What I would expect or wait for is a pullback to the highlighted support area for a potential opportunity to go long. Keyword: potential.
Hope you enjoyed my simple form of technical analysis.
Cheers. =)
Nota
Price is now retracing back to the broken resistance turned support. Watching accordingly.
Pesanan dibatalkan
No position entered.
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.