AUD/NZD Trade Idea

Hello and welcome to my Trade Idea of the currency pair AUD/NZD.

Lets start with the Top Down Analysis.


Monthly: The overall monthly timeframe is bearish.

Weekly: The last weeks are very bullish but the price is at a strong weekly resistance area and the possibility exists that the price will bounce off there.

Daily: Daily is bullish but the price breaks the counter trendline and retest it.

H4: On the h4 timeframe we see a double top at the weekly resistance.


Have a nice day.