As we already explained, two channels have broken so far, two short channels forming lower lows give us a confirmation of our previous reversal idea. AUDNZD has reached the resistance zone and trading in sideways with wicks on the chart. We will take sell entry at 1.0717 level or if it breakout support line we can take sell opportunity on the retest at 1.066 with a target of 1.0550 level.
Note: Idea is only for learning purposes. Apply your own analysis before the trade.
Note: Idea is only for learning purposes. Apply your own analysis before the trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.