AUDNZD Two Scenarios by ThinkingAntsOk
Main Items we can see on the chart:
a) The price has faced a resistance zone and now we are observing a reversal movement
b) The current level is a critical zone because this reversal movement can be either a correction for further bullish moves or the beginning of a new bearish trend
c) SHORT SCENARIO: If the price breaks below 1.06 the next bearish target will be 1.03
d) LONG SCENARIO: If the price breaks above 1.09 the next bullish target will be 1.11
a) The price has faced a resistance zone and now we are observing a reversal movement
b) The current level is a critical zone because this reversal movement can be either a correction for further bullish moves or the beginning of a new bearish trend
c) SHORT SCENARIO: If the price breaks below 1.06 the next bearish target will be 1.03
d) LONG SCENARIO: If the price breaks above 1.09 the next bullish target will be 1.11
Penafian
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