Watching for Pullback Into Resistance

Price on the AUDNZD has been in a steady trend for the past three months now.

As the daily chart shows; price has been making a series of lower lows and lower highs backed with some strong momentum.

Looking to trade inline with this momentum with short trades looks the best play whilst the trend lower holds.

If price can now rotate back higher into the overhead resistance it could provide a potential area to start hunting short trades on the daily and intraday time frames.