AUDNZD Short.
Price has been consolidating to the downside for quite a while now after failing to break through the 10820 resistance level.
Price has broken out of its ascending channel support.
If price is to go lower to the 1.0530 level of support, price must first break below the 4 hr 200ma @ 1.0650.
If price fail to break the 4hr 200ma level of support, then price will attempt to retest the previous ascending channel support at 1.0735 for a chance to retest the swing high.
Price has broken out of its ascending channel support.
If price is to go lower to the 1.0530 level of support, price must first break below the 4 hr 200ma @ 1.0650.
If price fail to break the 4hr 200ma level of support, then price will attempt to retest the previous ascending channel support at 1.0735 for a chance to retest the swing high.
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