AUD/NZD is currently approaching a major support zone, where a bounce is anticipated. The presence of bullish divergence suggests a potential rebound from this area. A buy signal could be confirmed by a breakout above the previous higher low.
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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.