AUD/NZD is right on our stop loss level from yesterday forming a very bearish reversal candlestick pattern. We will raise our stop loss slightly to 1.0400 which is a fractal resistance level based on multiple fibonacci levels and play a position down to 1.0620 for a low-risk, high-reward trade. The RSI is also on a major resistance level.
Trading recommendations:
Sell now and add a position if the price reaches 1.0700.
Take profit 1.0620
Stop loss 1.0740