AUDNZD: Bullish Breakout & ContinuationThe AUDNZD pair is currently experiencing a strong uptrend, with the price steadily rising within an upward parallel channel.
After reaching the resistance line of the channel, the price started to consolidate within a narrow range on a 4-hour chart.
However, with today's bullish movement, the price successfully violated the resistance of the range, suggesting strong buying momentum and a likely continuation of the bullish trend.
The next resistance level to watch for is at 1.1164