AUD/NZD formed a top

Read the article on FBS website

AUD/NZD formed a “shooting star” candlestick on the W1. The pair ran into the resistance line from the 2018 highs and failed to close above the 200-week MA at 1.0650. These are serious arguments in favor of the further decline. The initial target lies at 1.0510 (50-week MA). There may be some support at 1.0550 (trendline). Only the return back above 1.0650 will improve the picture.

Trade idea for AUD/NZD

SELL 1.0545; TP 1.0510; SL 1.0560

AUDNZD.png

 LOG IN

FBS Analyst Team

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.