AUDNZD broke and closed below a key horizontal structure support on a daily.
The broken structure and a falling trend line compose a contracting supply zone now.
A bearish continuation will be expected on the pair.
Next goal - 1.048
For entries, consider the underlined blue area.
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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.