Why I'm Looking to Sell the AUDNZD

Chris Capre 2ndskiesforex

The key support zone for the AUDNZD between 1.0820-1.0880 that got broken which we mentioned in our daily trade ideas was followed by another quick re-test before price continued to sell off.

Congrats to the members that shorted this opportunity as you should be in good profit by now.

Price is now closing in on a medium support starting to come in at around 1.0600. A daily close below 1.0550 could open up for further potential shorting opportunities and a likely continuation down towards the LT key resistance zone between 1.0330-1.4000.

Meanwhile I'm interested in selling pullbacks into the 1.0800 resistance.

Visit our website at 2ndSkies for more price action content, free trading lessons, strategies and videos. Find out how we can help you to change the way you think, trade and perform.

Author

Chris Capre

2ndskiesforex

Chris Capre is a professional forex trader and mentor specialized in Price Action trading, and the Ichimoku Cloud.

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