AUDNZD top-down analysis

2020年5月27日

on DAILY: price is sitting around a strong resistance/supply zone in red and also testing our upper brown trendline, so we will be looking for objective sell setups on lower timeframes.

on H1: price formed an objective trendline in blue so we are waiting for a momentum candle close below its last swing standing to sell this one.

meanwhile, AUDNZD is still overall bullish and can still test our upper red zone to get more liquidity to be able to push down more aggressively.