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StampsFX

AUDNZD Broke key support. Downtrend in motion

Short
Dollaro australiano / Dollaro neozelandese (FX:AUDNZD)  
StampsFX  
FX:AUDNZD   Dollaro australiano / Dollaro neozelandese
Trend Analysis Chart Patterns Technical Indicators AUDNZD audnzdlong audnzdshort audnzdanalysis audnzdforecast audnzdidea audnzdsetup audnzdlongsetup audnzdpullback
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trendanalysis chartpattern indicator audnzd audnzdlong audnzdshort audnzdanalysis audnzdforecast audnzdidea audnzdsetup audnzdlongsetup audnzdpullback
AUDNZD broke a key support level AND a key resistance level. Looks to be continuing the downtrend. The pair is up on the day. Waiting until the pair hits the previous resistance level to determine if it will be rejected or break through. If rejected, SL will be above resistance and slightly above trend line, and a move to the support level will be in play...

-StampsFX
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