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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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.
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.