**Monthly Chart**
AUDNZD pair has been in a sideway movement since 2015. The monthly time frame suggests selling the highs and buying the lows. However, from the beginning of this year, the pair went into a narrower range between 1.10550 and 1.0550 to be precise.
**Weekly Chart**
The weekly range suggests buying near the extreme low of the range and selling near the extreme high of the range. the difference between the top and the low of the range is about 400 pips.
Last previous week candle closed lower. However, the pair has been moving in sideways movement for the last three weeks.
**Daily Chart**
On lower time frames, there were few trade entries near the extreme high and low. While it created a relatively equal high with 4 touches from July 2023. This clearly indicates that the short-term directional bias is most probably lower until we reach 1.0600 level. This is about 200 pips from the current point.
AUDNZD pair has been in a sideway movement since 2015. The monthly time frame suggests selling the highs and buying the lows. However, from the beginning of this year, the pair went into a narrower range between 1.10550 and 1.0550 to be precise.
**Weekly Chart**
The weekly range suggests buying near the extreme low of the range and selling near the extreme high of the range. the difference between the top and the low of the range is about 400 pips.
Last previous week candle closed lower. However, the pair has been moving in sideways movement for the last three weeks.
**Daily Chart**
On lower time frames, there were few trade entries near the extreme high and low. While it created a relatively equal high with 4 touches from July 2023. This clearly indicates that the short-term directional bias is most probably lower until we reach 1.0600 level. This is about 200 pips from the current point.
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Join our PropSignals Channels on Telegram
t.me/PropsignalAE
t.me/PropsignalAE
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.