As you can see on the chart AUDNZD has been somewhat range bound. If price gets to and breaks below point 1 (1.0364) then it opens the pair up to a whole new channel with point 2 (1.0042) being the lower end of that range.
IF price breaks below 1.0364 I will be looking to short with a target of 1.0042.
IF price breaks below 1.0364 I will be looking to short with a target of 1.0042.
