AUDNZD Technical Outlook

⭐️Key Takeaways⭐️

✔️ Approaching critical level of resistance
✔️ Waiting for lower low on 1 hour timeframe to enter a scalp

⭐️Technical Analysis⭐️

Daily time frame shows the pair approaching a significant level of resistance around 1.0850. RSI is suggesting the bullish momentum is still fairly strong as it enters the 70 zone. A lower low on the 1 hour would suggest the bullish momentum is starting to fade and could open up the shot of entering a short position with a quick 20 pip simple target.


Regards,
Michael Harding

RISK DISCLAIMER
Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.