AUDNZD strong uptrend continues
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Dear colleagues,
AUDNZD strong uptrend continues after breaking the resistance.
Reason 2, Due to diverging RBNZ and RBA monetary policies, the AUD/NZD has formed a strong uptrend breakout above the order block / MH3 confluence. Technically, if the price retraces to 1.0750-75 we should see another bounce towards 1.0876. However, another close above 1.0876 should provide a continuation towards 1.0926 and 1.0944. Around 1.0950 we might see short sellers coming as the M H5 is the strongest monthly resistance.
Best of luck,
Yousaf
AUDNZD strong uptrend continues after breaking the resistance.
Reason 2, Due to diverging RBNZ and RBA monetary policies, the AUD/NZD has formed a strong uptrend breakout above the order block / MH3 confluence. Technically, if the price retraces to 1.0750-75 we should see another bounce towards 1.0876. However, another close above 1.0876 should provide a continuation towards 1.0926 and 1.0944. Around 1.0950 we might see short sellers coming as the M H5 is the strongest monthly resistance.
Best of luck,
Yousaf
Dagangan aktif
Another reason to go long, Head and shoulders pattern made in 1 TF.Dagangan aktif
Go long now.Nota
Go long now
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