AUDNZD is trading in an ascending channel. It broke and closed above the 1.08500 level.
The market broke its previous lower high, meaning a shift in the trend. Price tested the resistance twice, and usually the third one is a breakout.
We expect a breakout pullback and continuation pattern, potentially completing the AB=CD pattern.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
The market broke its previous lower high, meaning a shift in the trend. Price tested the resistance twice, and usually the third one is a breakout.
We expect a breakout pullback and continuation pattern, potentially completing the AB=CD pattern.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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