AUDNZD shows bearish losing momentum in weekly timeframe and multiple rejections in 4H timeframe with falling wedge pattern to support bullish reversal. Wait for confirmation before entry. The target will be the broken support line that could possibly turn into resistance in the daily timeframe.
Trade closed: target reached
Closed position to secure profit
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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.