AUDNZD My ForecastFX:AUDNZD H4 Chart analysis, If its reach the below support level i think it should good opportunity for long trade.
Audnzd_long
AUDNZD BuyLooking at the AUDNZD we can see it is now consolidating, before what looks like it could make another move higher.
AUD/NZD bullish outlook Daily1.05 - key resistance level
Bullish outcome:
1. Daily close above level 1.05 - targeting levels 1.056, 1.063 and 1.078 above it.
2. Close above 1.05 - go to 1.056, then bounce back off 1.05 and up again to 1.063 and possible above it.
3. Bounce of around 1.045 and then close above 1.05
Alternatively bearish daily candle closing below 1.045 and open the way to 1.036 (78.6% Fibs)
AUDNZD Break & Retest wedge outer edge.Finally it would appear we have lift off on the AUDNZD pair. We can see the pair were in a huge Bullish wedge pattern, and after the break out of the wedge, the pair have retested the outer edge of the Wedge and now look like it has started a new Bullish trend.
