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AUD/NZD Still in Downtrend but the Price is Retracing

By:
Nenad Kerkez
Published: Oct 1, 2021, 08:02 UTC

AUD/NZD is in downtrend and the price has retraced to the POC zone. We might see a mover soon.

AUD/NZD Still in Downtrend but the Price is Retracing

In this article:

1.0440-82 is the POC zone where the price could bounce up or down. If 1.0498 breaks to the upside we should see 1.05980. A move below 1.0440 should be targeting 1.0438 and 1.03178 at least. Below those levels we should see a new low of 1.0158.

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For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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