FX:AUDNZD H4 Chart analysis, If its reach the below support level i think it should good opportunity for long trade.
Looking at the AUDNZD we can see it is now consolidating, before what looks like it could make another move higher.
1.05 - 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...
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.
AUDNZD is at support, with Bullish Divergence. I am currently buying this pair.