**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.
Last month candle closed lower but remains within the range of the previous candle.
**Weekly Chart**
Last week candle closed lower as a bearish candle. There were good selling opportunities on lower time frames last week. This week I am looking forward to seeing the continuation of this bearish movement towards the next target at 1.06200 level.
**Daily Chart**
I will be looking to sell any short-covering rally to move lower to the next target at 1.06200. Then we might also catch a good swing high from the lowest point at around 1.05700 level (IPA candle of May 2023).
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.
Last month candle closed lower but remains within the range of the previous candle.
**Weekly Chart**
Last week candle closed lower as a bearish candle. There were good selling opportunities on lower time frames last week. This week I am looking forward to seeing the continuation of this bearish movement towards the next target at 1.06200 level.
**Daily Chart**
I will be looking to sell any short-covering rally to move lower to the next target at 1.06200. Then we might also catch a good swing high from the lowest point at around 1.05700 level (IPA candle of May 2023).
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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.