AUDNZD - Can it go lower?

PAIR IN FOCUS: AUDNZD
ACTION: SHORT
HORIZON: SHORT-TERM

AUDNZD is a fairly ranging pair and may take some time to reach the CZ or TP level. Price is currently at a S/R level and may either retrace or melt straight into TP level. Ideally looking for a retrace, retest and rejection before heading to the TP level. Observe for bearish price action in the CZ before any entry.

The TP level and Stop Loss (only for entries in CZ) have been indicated in the chart. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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