The last time AUD/NZD broke above daily and weekly resistance, it failed to establish that level as support.
However, the price has shown resilience, avoiding a significant sell-off and continuing to consolidate. This coiling behavior suggests the potential for upward movement.
However, the price has shown resilience, avoiding a significant sell-off and continuing to consolidate. This coiling behavior suggests the potential for upward movement.
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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.