Forex analytics and overview
AUD/NZD Is Trying To Breakdown
2022.05.17 16:23
Bearish
AUD/NZD is currently at the 1.1045, trading in a range. IF the pair can break the slope support, we’re looking for a continuation to the ATR target of 1.0974, and then to 1.0952.
Watch for the bounce there and keep an eye on the USDX for any change in direction; USDX was down at the time of this post.
The ATR for the pair currently is 75 pips per day and its 180 day average is 67 pips per day.
AUD/NZD Chart
