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InvestingScope

AUDNZD: Long term Sell opportunity.

Short
Dollaro australiano / Dollaro neozelandese (FX_IDC:AUDNZD)  
InvestingScope  
FX_IDC:AUDNZD   Dollaro australiano / Dollaro neozelandese
Trend Analysis Chart Patterns Technical Indicators AUDNZD aud NZD australiandollar newzealanddollar Forex Currencies currency
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trendanalysis chartpattern indicator audnzd aud nzd australiandollar newzealanddollar forex currencies currency
The pair is on a strong bullish leg since the March 19th bottom on the 1D chart (RSI = 68.147, MACD = 0.007, ADX = 52.319). However on the wider 2 year scale this is just the Lower High leg within a long term Channel Down. This bullish leg pushed the 1D RSI inside the Resistance Zone (which always delivers a drop) for the first time since September 2019. This is a good long term sell opportunity for us having a Target close to the 1.0000 Support.

Previous trade on AUDNZD:

AUDNZD: Higher sell opportunity.



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