AUD/NZD looking stretched short-term

  • AUD/NZD looking overbought in the short-term
  • Daily chart shows pair hit key Fibo resistance level, RSI clearly in overbought territory
  • H4 shows negative RSI divergence
  • While fundamentals remain overall bullish for AUD/NZD, a short-term technical pullback seems likely from here
  • Short AUD/NZD at market with a 1.0890 stop and 1.0650 target

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