AUDNZD finally breaks below the 1.09375 level
Been watching this pair for a while. Actually took a loss near the end of last week when I went long. Now that price is trading below, I am now bearish for a couple of reasons.
1. Price hasn't made a higher high since the morning of August 18th.
2. Price made another push higher, but was followed by indecision. This is the first indication that buying pressure has weakened. The origin of this push higher was at the 1.09375 level, which is why it's key to watch how price trades here.
3. Price broke above this level briefly on August 28th, but price did not sustain above.
1. Price hasn't made a higher high since the morning of August 18th.
2. Price made another push higher, but was followed by indecision. This is the first indication that buying pressure has weakened. The origin of this push higher was at the 1.09375 level, which is why it's key to watch how price trades here.
3. Price broke above this level briefly on August 28th, but price did not sustain above.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.