AUD/NZD Double Confluence for Sellers

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The AUD/NZD is facing resistance. We should see a move down.

We can see important order blocks and strong confluence points at the top of the resistance lines. This is the two point resistance and we should see a move lower. 1.0600 is the rejection spot and 1.0530 is the first target. If the price breaks 1.0530 we should see 1.0415 as the final target for this move. The entry zone for short trades is 1.0560.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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