AUDNZD IN A CORRECTIVE CHANNEL
Just like our last analysis stated, we saw price fall after testing the last area of resistance.
We can now see price move in a corrective manner to the downside.
Since price is still below the resistance, we can play the channel, taking sells when price reaches and rejects the top of it.
Sells remain in position until the area of resistance is broken.
We can now see price move in a corrective manner to the downside.
Since price is still below the resistance, we can play the channel, taking sells when price reaches and rejects the top of it.
Sells remain in position until the area of resistance is broken.
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