AUDNZD Bouncing Off Channel Bottom!!!
20210514 - 07:20am
AU Economy is picking up with the adequate controls in place to manage current Covid situation and positive eco reports.
Trade is executed @1.07566 Daily Key Level. A nice imprint of a channel setup, plus a retest of SMA200, with support crossover from MACD and uptrend on RSI. Note: Highly possible retest of channel bottom.
Expecting Price to rally to the 1.1 (top of channel) by early/mid June.
AU Economy is picking up with the adequate controls in place to manage current Covid situation and positive eco reports.
Trade is executed @1.07566 Daily Key Level. A nice imprint of a channel setup, plus a retest of SMA200, with support crossover from MACD and uptrend on RSI. Note: Highly possible retest of channel bottom.
Expecting Price to rally to the 1.1 (top of channel) by early/mid June.