Chapter 43 AUDNZD Reversal trend
Summary
No fundamental news to lead the mark
Fundamental analysis
We see this week there is no news on both currencies either the AUD or the NZD
Technical analysis
We can see in the 4H diagram chart the price has reversed from a downtrend environment to an uptrend environment by creating the low and higher low and high and higher high and also by breaking out the 4 H chart anchor at 1.06689 Price trading now at 1.07291, We expect the price to continue the uptrend Until the previous supply zone at 1.08718.
Trading Recommendation
Trading Direction: Long
Entry Price: 1.07475
Target Price: 1.08718
Stop Loss: 1.06689
