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AUD/NZD Bearish Domination

By:

Nenad Kerkez

Published: Sep 7, 2021, 11:03 GMT+00:00

The AUD/NZD is very bearish. I expect the continuational move towards lower levels of support.

As the price is breaking below Q L4 and M L3, we can expect a bearish continuation move. Watch for M L5 and Q L5 as targets 1.0250-1.0200. The main point of this config is that the price has broken through Q L4 which is the 3-month breakout. It is also below M L4 which signifies for a double breakout point to the full TP.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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