AUDNZD signaled to drop by MACD and RSI

١٤ يوليو ٢٠٢٠

AUDNZD has finished rising after its breakout of the falling wedge and a reversal is about to happen. By watching price action we can see a reversal is likely to follow soon and to support that the rsi shows that we are in an overbought zone and the macd is about to have a cross. On top of that NZD is stronger than AUD today making it even more clear that the pair is going to drop.

Entry @ 1.06700
SL @ 1.07065
TP @ 1.06309