AUD/NZD Analysis: Bearish Setup Near Resistance Zone
Technical Analysis for AUD/NZD - Daily Chart
The AUD/NZD pair is trading near a strong resistance area around 1.1150, where multiple rejections have occurred in the past. Price action suggests a potential reversal from this zone, with a possible move toward the target area near 1.0808.
A rejection from the resistance zone could confirm a bearish outlook, while a breakout above this level may invalidate the setup and indicate further upside momentum. Traders should watch for confirmation signals before entering positions.
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The AUD/NZD pair is trading near a strong resistance area around 1.1150, where multiple rejections have occurred in the past. Price action suggests a potential reversal from this zone, with a possible move toward the target area near 1.0808.
A rejection from the resistance zone could confirm a bearish outlook, while a breakout above this level may invalidate the setup and indicate further upside momentum. Traders should watch for confirmation signals before entering positions.
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💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Related publications
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.