AUDNZD, Ranging until a decisive break
after a good run up from AUD strength after RBA became less dovish in their latest RBA minutes, there seem to be some weakness in the following pair once again
Price seem to be stuck in a range between a demand and supply zone.
A break of either of these zone is required in order to play potential longs or shorts from the origin.
my bias is however, a short on return to the former highs (red box) targeting 1.12 (lowest green box)
Price seem to be stuck in a range between a demand and supply zone.
A break of either of these zone is required in order to play potential longs or shorts from the origin.
my bias is however, a short on return to the former highs (red box) targeting 1.12 (lowest green box)