AUDNZD ( 4H) has formed a head shoulder on this important level of resistance that has broken down. Based on monthly, AUDNZD is over-extended to the upside and it is a very high probability that it will come for a deeper retracement on the higher time frame means, trend change in the lower timeframe. A selling opportunity on the retest of the neckline of the head & shoulder.
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Disclaimer
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