Possible long oppotunity on AUD/NZD.
Price has broken out of its ascending channel has returned to an area of support at the 1.0720 level.
If we see strong bullish rejection at the 1.0720 level I believe we could see bullish momentum to re-test the support of the ascending channel at the 0.0820 level, where I would take profits.
Price has broken out of its ascending channel has returned to an area of support at the 1.0720 level.
If we see strong bullish rejection at the 1.0720 level I believe we could see bullish momentum to re-test the support of the ascending channel at the 0.0820 level, where I would take profits.