AUDNZD Breakout Retest – Ready for the Next Bullish Leg?

AUDNZD has broken out of a prolonged consolidation box, supported by a demand zone below. Price is currently retesting the breakout level, which often acts as a launchpad for the next move.

🧠 Key Observations:

🔷 Consolidation Breakout – Price cleanly broke above the consolidation range.

🔁 Retest in Progress – A potential bullish retest is unfolding at 1.0800 area.

🟦 Demand Zone below offers strong support around 1.0730–1.0750.

🎯 Target: 1.08750 (pre-identified resistance zone)
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📌 Trade Plan:

🎯 Take Profit (TP): 1.0875

🛑 Stop Loss (SL): Below 1.0750 demand zone

🧭 Bias: Bullish
📊 Strategy: Breakout–Retest–Rally