AUDNZD price broke out of the resistance below 1.07840 on the 3H time frame, and the price is tanking continuously and can potentially reach 1.07380. The market is giving an opportunity to risk 1 to make 1.5.
This is a good opportunity for short sellers to enter the market. The risk-reward ratio is favorable, and the price is likely to continue to fall in the short term.
However, it is important to note that the market is volatile, and there is always the possibility of a reversal. Therefore, it is important to use proper risk management techniques when trading this pair.
This is a good opportunity for short sellers to enter the market. The risk-reward ratio is favorable, and the price is likely to continue to fall in the short term.
However, it is important to note that the market is volatile, and there is always the possibility of a reversal. Therefore, it is important to use proper risk management techniques when trading this pair.