AUDNZD Sell signal and invalidation

8 de fev. de 2022

This is an update to the latest long-term buy signal I gave on AUDNZD on November 01 2021, when the price was approaching the bottom of its multi-year Channel Down:

Now that the pair is approaching our target and the top (Lower Highs trend-line) of the Channel Down, it is time to turn bearish. The short-term target is the 0.382 Fibonacci retracement level at 1.05350. If on the other hand the price breaks above 1.08500, this trade is invalidated and instead the pair will most likely turn bullish towards the 1.10450 Resistance.



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