#AUDJPY retraces to key resistance, and may head lower
Disclaimer: I know I've written AUDJPY in the headline. Bummer, but I cant edit it. This is of course the AUDNZD I am looking at.
The AUDNZD has been massively bearish since november this year, and I am only looking to join the short momentum and short this pair at the moment,
On the 17th of December AUDNZD broke through the 1.053 level, which acted as key support back in January and March last year. Price has now come back to retest the 1.053 level, now turned resistance.
This coincides with yesterdays sexy candle with a long upper shadow, and a fibonacci retracement rejecting both the 50% and the 61,8% levels.
I am short from from yesterdays candle.
The AUDNZD has been massively bearish since november this year, and I am only looking to join the short momentum and short this pair at the moment,
On the 17th of December AUDNZD broke through the 1.053 level, which acted as key support back in January and March last year. Price has now come back to retest the 1.053 level, now turned resistance.
This coincides with yesterdays sexy candle with a long upper shadow, and a fibonacci retracement rejecting both the 50% and the 61,8% levels.
I am short from from yesterdays candle.