MM's daily technical analysis - LONG AUDNZD
Hi traders,
In the past few days, we have witnessed AUDNZD went through mid-term consolidation in both the hourly chart and the daily chart.
Yesterday night we have witnessed a clear breakthrough of the 1.05 level and the upward momentum was strong, which leads us to believe it's a start of a mid-term uprise and the downward channel start from June 18th has finally ended.
My own trading system Clam has also given a buy signal which matches my judgment to long thus a trading idea to long AUDNZD has now been established.
OP: 1.05300 SL: 1.04300 TP:1.0800
In the past few days, we have witnessed AUDNZD went through mid-term consolidation in both the hourly chart and the daily chart.
Yesterday night we have witnessed a clear breakthrough of the 1.05 level and the upward momentum was strong, which leads us to believe it's a start of a mid-term uprise and the downward channel start from June 18th has finally ended.
My own trading system Clam has also given a buy signal which matches my judgment to long thus a trading idea to long AUDNZD has now been established.
OP: 1.05300 SL: 1.04300 TP:1.0800