The AUD/NZD is in a well defined bear trend, and we're looking for the downside breakout of recent consolidation, and the descending triangle formation. A break lower should ultimately send us towards the 1.3500-1.0300 handle, with 1.04700 area serving as future resistance in the case of a breakout-retest sequence.
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Kyle_Morton
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for me
Point of buy starting from 1.0460
1.06 target then 1:07, then 1.0880 and the recent break
We are heading for 1.1050 and then 1.13
The equivalent of 900 points
Stop loss 150 points below the point of entry
Point of buy starting from 1.0460
1.06 target then 1:07, then 1.0880 and the recent break
We are heading for 1.1050 and then 1.13
The equivalent of 900 points
Stop loss 150 points below the point of entry