AUD/PLN Technical Analysis: Potential Reversal from Resistance ZThis is a technical analysis chart of the Australian Dollar (AUD) against the Polish Zloty (PLN) on a 30-minute timeframe from TradingView. Here are the key observations:
1. Resistance Zone (Purple Box at the Top):
The price is approaching a key resistance area around 2.4350 - 2.4450.
This zone has previously acted as resistance, suggesting a potential price reversal.
2. Exponential Moving Averages (EMA):
The 200 EMA (Blue Line) at 2.42878 and the 30 EMA (Red Line) at 2.42619 indicate trend direction.
Price is currently testing the 200 EMA, which can act as a dynamic resistance.
3. Projected Price Action (Blue Path):
The analyst expects the price to reject the resistance zone and move downward.
A possible bearish movement is indicated towards the targ
