AUD/NZD 19.07.2017
Our expectations: Long-term downtrend, lower tops. Short-term uptrend. The price reache main diagonal resistance, but did not managed to break above it. The last CPI data from Australia shows that the inflation in the country slows down, which may affect negatively in short-term.
Alternative scenario: If the price breaks above the diagonal resistance, the negative scenario will be dismissed.
Comments: Price action signal: Tweezers at level of diagonal resistance and FiBo 61.8. Technical indicator: DeM(14) - turned down in zone of overbought - when break levele 0.7, the ngative sentiment will increase.
SL: 1.0830
Trader Bozhidar Arabadzhiev
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