AUD/NZD MULTI-TIMEFRAME ANALYSIS|CONDITIONAL SHORT

Hello, friends!

Lets take a look at the audnzd.


Here, on the weekly chart it is clear that the pair is in the falling channel that has got the outer and the inner resistance lines.


A weekly closeup shows us a possible target in terms of the meaningful support lines, should the pair continue moving within the channel.


A daily chart gives us a broken diagonal support turned resistance and a potential falling channel. Wait for the pair to reach the two resistance lines, one of which being the internal weekly channel resistance line, and short from their, bidding the pair moves within the new small falling channel and respects the two resistance lines.

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