AUDNZD potential increase following the channel
Updated
AUDNZD has recently pulled back to a support area following a strong bullish impulse. Despite the price breaking and closing below the previous range, a bullish divergence is beginning to appear as it approaches the support level. This price action suggests a complex pullback, hinting that the bearish momentum may be losing steam. The market might consolidate around this area before potentially bouncing off the support, as it hovers near a key psychological level. The expectation is for a move toward the resistance zone around 1.1000
Trade closed: stop reached
PRice moved against analysis
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