AUDNZD: Short Signal Explained 🇦🇺🇳🇿

AUDNZD is trading within a wide horizontal trading range on a daily.
The price reached its upper boundary yesterday.

Testing the resistance of the range, the price formed a head and shoulders pattern on that
and broke its neckline then.

I am planning to short AUDNZD with stop loss - 1.11075 and target 1.1.

Good luck!

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Commento:

Check my new idea on NZDCAD: