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AUD / NZD: The short is more likely

AUD / NZD: Daily chart- downtrend

Price below diagonal resistance and 50 MA

Price Action: pin bar (hanging man) on resistance – a negative signal

indicators:

50 / 200MA: 50 under 200 – a negative trend

DEM: remains below 0.7

CCI (50) below 0 – negative territory

SL: 1.0520

Alternative scenario: If the price crosses over the diagonal resistance is possible breaking and new appreciation.

Jr_Trader_I_Ivanov


 Varchev Traders


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