AUDNZD is trading in descending parallel channel. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 1.0850.
What you guys think of this idea?
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 1.0850.
What you guys think of this idea?
Join or FREE Discord Channel: discord.gg/just-trade-signals-1041998740602503219
Visit Our Website: justtradesignals.com/
Visit Our Website: justtradesignals.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.