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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Audnzdlong
AudNzd- change of trend?After touching for 4 times the 1.03 strong support, AudNzd looks like it has broken a H&S pattern visible very clearly on the daily chart.
Now the pair is testing the former resistance (neck-line of H&S) and if it's confirmed as new support the pair could rise towards the next level of resistance at 1.0650 zone.
Looking to buy.
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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