AUDNZD – Potential Long from Key Support Zone
AUDNZD is approaching a key demand zone, which has previously led to bullish reversals. The recent downward move brings price into this support area, signaling a potential opportunity for buyers to step in.A bullish confirmation, such as a strong rejection pattern, bullish engulfing candle, or long lower wick, would support the likelihood of an upward move. If buyers regain control, the price could rally toward 1.10500.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
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Best of luck , TrendDiva
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