AUDNZD: Important Breakout & Bearish Continuation 🇦🇺🇳🇿

31 Ağu 2021

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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1 Eyl 2021

Not

Check my new analysis on NZDJPY: