AUD/NZD Still in Downtrend but the Price is Retracing

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

AUD/NZD is in downtrend and the price has retraced to the POC zone. We might see a mover soon.

1.0440-82 is the POC zone where the price could bounce up or down. If 1.0498 breaks to the upside we should see 1.05980. A move below 1.0440 should be targeting 1.0438 and 1.03178 at least. Below those levels we should see a new low of 1.0158.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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