AUDNZD technically trading lower and lower being in downtrend. It recently broke the short term support at 1.0267 which is now acting as resistance and the pair has given a very nice bearish pinbar near this level indicating further decline in the price of the AUDNZD. I expect the pair to go till 1.00370 but in a longer time frame. As of now I have sold it at 1.02610 with a stop above 1.03000 and target at 1.02000.Comments are welcome.
Happy Trading to all.
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