Labels: Technical Analysis
- AUD/NZD Chart now at descending channel.
- Fibonacci 0.5 label.
- 200 EMA 1.0580 resistance on 4 hour time frame.
- Trend follower can take entry from this label.
- On the other hand, AUD bulls can also plan trades around a potential upside breakout above the 100 and 200 EMA.
- Which over bias u take entry, make sure used wide stops.