AUDNZD
A descending triangle has formed and price been bouncing of the sides so far. It is a matter of time till price breaks one side. Also, there is a horizontal area which have worked like a strong magnet and attracts the price. Have to wait and see if price have enough momentoum to break the upper side or the horizontal area pulldown the price, again. Let's see what happens.
Note
So, price had enough momentum to break the upper side of the triangle pattern and reached the resistance where orders are accumulated. Here AUDNZD would probabely make a pullback on the broken line. Let's see what happens.
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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.