AUDNZD has been in a consolidation phase since October, but the recent breakout and close above this range. This price made higher lows and higher highs, aligns with a bullish trend, suggesting a continuation of upward momentum. The support level at 1.11000 has been respected on two occasions, which emphasizes its importance in the current price structure. I expect a potential breakout-pullback-continuation scenario. If the price respects this support during the retest, we could see a bullish move follow. My goal is resistance zone around 1.12300 raders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.