AUDNZD clear structure for bullish movement
Yesterday we made a post about AUDNZD on the weekly chart showing the major structures we can see now on the 4hs chart
Main items we can see here:
a) The price is above a previous resistance zone now working as a support
b) We can see a clear corrective structure after the breakout of the resistance zone
c) The corrective structure is also supported on the ascending trendline
d) IF the price breaks the corrective structure, we expect a continuation of the bullish movement towards the next resistance zone at 1.10
Main items we can see here:
a) The price is above a previous resistance zone now working as a support
b) We can see a clear corrective structure after the breakout of the resistance zone
c) The corrective structure is also supported on the ascending trendline
d) IF the price breaks the corrective structure, we expect a continuation of the bullish movement towards the next resistance zone at 1.10
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.