AUDNZD_chart 07.11On AUD/NZD (H4) there is ongoing corrective move, which started yesterday after downward wave from resistance zone (lower TFs). Currently we can observe symptoms that indicates possible supply activity.

It is a level of previous low and high, where price reacted strongly in the past. Short positioning following the last momentum should be a good decision – especially the correction may be just another stop before the further losses.

AUDNZD_screen 07.11

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