AUDNZD - Dropping VERY Soon!

Following on from our last post on AUDNZD, price pushed a bit higher and it appears we're in a descending channel and approaching the upper limits of the channel. We are anticipating NZD strength soon which would help push AUDNZD lower.

Trade Idea:
- Watch for rejection of the descending channel resistance and 78.6 fibonacci
- enter when there's rejection
- stops above the channel
- gradually take profits with final profit being the double bottom (500pips)

Goodluck and as always, trade safe!