AUDNZD:Long Opportunity

AUDNZD formed a type of falling wedge pattern and now it is broken. There is a high possibility for a double bottom and the beginning of the up move. If price breaks down from the red zone then it can continue down up to the daily trend line.

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Daily picture

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Price is breaking to downside and created a lower low.

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The red zone proved to be a strong support zone. Very fast move to upside.