The AUDNZD pair is currently exhibiting a bullish structure, indicating a general upward trend in the market. Within this broader uptrend, the price action is forming smaller, localized structures that suggest a continuation of the bullish momentum. These smaller structures often consist of higher highs and higher lows, which reinforce the overall upward direction. This pattern implies that buyers are consistently stepping in at higher price levels, pushing the market further up. As the price continues to respect these smaller bullish formations, it signals sustained buying pressure and the potential for further gains in the AUDNZD pair.
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