For the 4 consequent weeks, AUDNZD is consolidating.
The pair is coiling within a horizontal trading range.
From a current perspective I see two potential scenarios:
- In case of a bullish breakout of the range (candle close above 1.0645 - 1.0668)
a bullish continuation to 1.073 level will be expected. - In case of a bearish breakout of the range (candle close below 1.0566 - 1.059)
a bearish move to 1.057 level will be expected.
And while the market is staying within the boundaries of the range
you either wait for a breakout or buy/sell its support/resistance.
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✅Join My Telegram Channel: t.me/VasilyTrading
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✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.