As you can see, AUDNZD Has shown Bearish momentum and currently price is in a small retracement as i would see it to a critical point of resistance that i have marked with the grey horizontal line. From this point, price may continue a potential bearish move to our take profit point that i have marked with the green horizontal line.
Green line- Take profit
Grey line - Entry
Red line - Stop loss
Risk exposure - 1%
Risk to reward - 1:2
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