AUDNZD is currently showing a strong potential for downside movement. This bearish outlook is supported by the formation of a double top pattern, which often signals weakness, along with a swing high that confirms the downward bias. Based on technical analysis, the price has significant room to move lower.
Recommendation:
- Sell AUDNZD
- Entry: 1.11117
- Take Profit: 1.10847
- Stop Loss: 1.11263
*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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