Hello Traders
NZD dropped hard in the last days of last week.
Overall view of AUD/NZD is still bearish but last week's candle changed the situation at least for the short term.
We expect AUD will catch this opportunity and relive some of its losses VS NZD (a short correction), otherwise, the price will continue moving downward.
Also, some indicators(stochastic) are showing possible correction.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
NZD dropped hard in the last days of last week.
Overall view of AUD/NZD is still bearish but last week's candle changed the situation at least for the short term.
We expect AUD will catch this opportunity and relive some of its losses VS NZD (a short correction), otherwise, the price will continue moving downward.
Also, some indicators(stochastic) are showing possible correction.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)