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Weekly Price Action Setups & Trade Ideas | Apr 19 - 24

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Forex Trade Setup: AUDNZD – Looking to Sell On Rallies (weekly chart)

Price Action Context

After probing the parity level in early March, the AUDNZD has rallied 4 of the last 5 weeks and is looking to retest the major resistance zone ahead between 1.07 and 1.0842.

I’m looking to sell this pair on rallies into the zone and am watching for trade setups to get short.

Trending Analysis

ST bullish but MT neutral while inside …

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