AUDNZD Price Analysis
AUDNZD Price Analysis
Yesterday, the AUDNZD pair broke down from a long-standing pattern. Although the price is currently rising, this movement could be a normal correction before AUDNZD makes a new low, especially given the proximity of a strong resistance zone.
Based on the current pattern, the price could potentially move down to 1.0850 and 1.0810. However, it must remain below the pattern to continue this downward trajectory; otherwise, the risk of a reversal increases.
You may find more details in the chart.
PS Support with like and comments if you find this analysis useful for your trading day ☺️
Yesterday, the AUDNZD pair broke down from a long-standing pattern. Although the price is currently rising, this movement could be a normal correction before AUDNZD makes a new low, especially given the proximity of a strong resistance zone.
Based on the current pattern, the price could potentially move down to 1.0850 and 1.0810. However, it must remain below the pattern to continue this downward trajectory; otherwise, the risk of a reversal increases.
You may find more details in the chart.
PS Support with like and comments if you find this analysis useful for your trading day ☺️
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