AUD/NZD Possible LONG position
The market has just tested the strong support at 1.0550, again.
This support hasn't been broken since April 2020.
Chances are that the price well be rejected again in the next few weeks and retest the previous resistance at around 1.1047.
There are over 400 pips between now and the target level, however there is an important resistance line in between at around 1.082, so manage your SL accordingly.
If you want more ideas FOREXPILLS.COM - English and Italian language
email: forxpills.bloggmail.com
This support hasn't been broken since April 2020.
Chances are that the price well be rejected again in the next few weeks and retest the previous resistance at around 1.1047.
There are over 400 pips between now and the target level, however there is an important resistance line in between at around 1.082, so manage your SL accordingly.
If you want more ideas FOREXPILLS.COM - English and Italian language
email: forxpills.bloggmail.com
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.