AUDNZD A POSSIBLE BULLISH MOVEFX:AUDNZD
At daily we had a retracement at a good psychological level, which later created a higher high and right now it is laying at an other support level (retesting it to push higher)and after a good rejection (bullish pinbar) we might open a buy position till next psychological level because that is the level that might correspond at the other side downtrend in which level that the price might retrace again for a bearish move.
We are targeting around 120 pips.
No possibility to post analyse pic because of no pro points
Audnzdbuy
AUDNZD is trading in ascending channelAUDNZD
This pair is trading in a Ascending channel which is a clear sign of bullish trend.
We can open long positions in AUDNZD at this current level 1.02600
Potential take profit will be 1.03600
Stop lose may placed below the resistance level 1.01900
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AUDNZD potential bounce!
AUDNZD expected to reverse up to 1st support at 1.04866 where it could potentially react and bounce to its resistance at 1st resistance at 1.05317.
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Losses can exceed the initial investment so please ensure you fully
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