AUDNZD: Important Breakout & Bearish Continuation 🇦🇺🇳🇿
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Hey traders,
AUDNZD broke below 1.041 key daily structure support.
After a long-lasting bearish accumulation on that and the formation of a descending triangle,
the price managed to violate its neckline and drop lower.
Now we will expect a bearish continuation within a falling parallel channel.
Consider its boundaries for trend-following/counter-trend entries.
Good luck!
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Nota
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