AUDNZD - Daily - Something for next week.

It looks like a beautiful chart.

There is potential to the downside for this pair. My logic is this:

We are seeing some weakness in Gold today, which almost goes hand in hand with AUDUSD.
That pair has been selling off today (Friday).
Also, NZDUSD has broken the "neckline" and now heading upwards (See my last NZDUSD idea).

So, weaker Gold and stronger NZD are not helping this pair.

My target is 1.10188 (the 2017 March high). SL - yesterday's (2017.09.07) high.

As always, keep an eye on the price action!

Comentário:

Aaaaand we're out! =)