AUDNZD rejecting a strong supply zone

4 ביוני 2020

on DAILY: this pair is currently rejecting a strong resistance/supply area so we will be looking for objective sell setups on lower timeframes.

on H4: AUDNZD is trading inside our blue channel (not valid yet) so we are waiting for a new swing to form around our lower blue trendline to consider it objective and enter on its break downward.

we also have a regular bearish divergence on MACD adding more confluence to our sell setup.