AzizKhanZamani

AUDNZD Daily S/R| Swing High| .382 Fibonacci| Price Action

Long
BINANCE:XLMUSDT   Stellar / TetherUS
Evening Traders,

Today’s analysis – AUDNZD- trading above a key S/R zone where a respect is probable,

Points to consider,
- Price Action Impulsive
- .382 Fibonacci Support
- Daily S/R Objective
- Oscillators Neutral

AUDNAD’s immediate price action is trading above a level that has technical confluence; this S/R level has a high probability of holding.

The Daily S/R is immediate objective, exceeding this level will increase the probability of trend continuation.

The volume node has a valid climax, follow through is critical for continuation.

Overall, in my opinion, XLMUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.

Hope this analysis helps

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