AUDNZD - Technical Analysis
- Overall the price has been moving in a channel. Now, price is at the support line and this is confirmed by the rejection of the price at that level or zone. Previously, the price had been moving in a almost parallel channel and the support was broken with strong bearish movement. We need to wait for stronger confirmations with a bullish candle to confirm the movement to the horizontal resist with correlation with the support line of the channel.
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