AUD/NZD Daily Analysis
The AUD/NZD daily chart may possibly be setting up for a next lower high, in line with the current downtrend that has been in play since the end of July this year.
With price still above the counter trend line (CTL), there is no sign of sellers taking control of the market just yet.
If price can close below the CTL, there may be opportunities to short this market if it meets your strategy rules.
Support at 1.07500 could be a final target to consider.
With price still above the counter trend line (CTL), there is no sign of sellers taking control of the market just yet.
If price can close below the CTL, there may be opportunities to short this market if it meets your strategy rules.
Support at 1.07500 could be a final target to consider.
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