AUD/NZD is currently showing signs of further downside potential. This outlook is supported by the formation of a bearish Double Top pattern, signaling a possible reversal. In addition, price has completed a break and retest, which reinforces the bearish setup.
With these confirmations, AUD/NZD is expected to decline toward the major support area as its next target price.
Recommendation:
- Sell AUD/NZD
- Entry: 1.11110
- Take Profit: 1.10763
- Stop Loss: 1.11389
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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