AUD/NZD Approaching 1.08000 Support Level: Bearish Outlook Ahead

5 wrz

The chart of AUD/NZD suggests that the price is approaching a key support level at 1.08000. After a recent downward move, the market is expected to retest this support zone. The downward arrow on the chart indicates an expectation of further bearish movement towards the 1.08000 area. This level could act as a potential reversal point, but a break below could lead to further downside pressure. The market structure appears to be in a corrective phase, with lower highs and lower lows forming.

6 wrz

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Expected Level Reached .....!