Babsphoenix

AUDNZD; TRADE PLAN

FX:AUDNZD   澳元/纽元
The pair is sitting on a confluence of support at the moment and seems to be prime for growth. But its safer to allow price break out of the blue trendline before looking for a buy setup since the trendline has been acting as a resistance for some time. Two moving averages are in the path of the price as likely pivot points to the maximum target therefore caution is required. If price manage to get to the supply zone, we can also look for a sell setup there.

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