Aussie NZD/Kiwi has been displaying signs of possible bearish. the price is making a series of lower highs and there is a possibility that the market may break to the downside to a new higher low. Target 1 might be our first Take-profit, if the markert breaks to the downside.
However, that does not mean that price may not be bullish.if the price breaks above the falling trend line that is making higher lows then expect a move to the upper resistance zone target 1 on the upper region. symmetrical triangle pattern has been created on the two hours and it is a continuation pattern in a downtrend like AUDNZD is, there is a high probability of bearish to the next support structure.
However, that does not mean that price may not be bullish.if the price breaks above the falling trend line that is making higher lows then expect a move to the upper resistance zone target 1 on the upper region. symmetrical triangle pattern has been created on the two hours and it is a continuation pattern in a downtrend like AUDNZD is, there is a high probability of bearish to the next support structure.