AUDNZD Breakout Retest – Ready for the Next Bullish Leg?
AUDNZD has broken out of a prolonged consolidation box, supported by a demand zone below. Price is currently retesting the breakout level, which often acts as a launchpad for the next move.
🧠 Key Observations:
🔷 Consolidation Breakout – Price cleanly broke above the consolidation range.
🔁 Retest in Progress – A potential bullish retest is unfolding at 1.0800 area.
🟦 Demand Zone below offers strong support around 1.0730–1.0750.
🎯 Target: 1.08750 (pre-identified resistance zone)
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📌 Trade Plan:
🎯 Take Profit (TP): 1.0875
🛑 Stop Loss (SL): Below 1.0750 demand zone
🧭 Bias: Bullish
📊 Strategy: Breakout–Retest–Rally
Trade closed: target reached
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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.