AUDNZD - Expecting Retraces Before Prior Continuation LowerM15 - Strong bearish momentum
Lower lows on the moving averages of the MACD indicator.
Expecting retraces and further continuation lower until the two Fibonacci resistance zones hold.
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Audnzdprediction
AUDNZD possible short for 1.062021st April daily key reversal bar made a new high closed towards the low early indication for weakness ahead. 24th April daily insurance bar closed off the low further indication for weakness ahead. Supply zone for short 1.0830, 1.0870-0910. stop loss: 1.0940, target: 1.0620.