AUDNZD price reached an important zone from above
price made a falling wedge pattern in the way down in past few weeks and this is a bullish signal
in addition to the falling wedge pattern , price in near a support level on daily chart which makes a pretty beautiful zone to buy
also RSI indicator is bouncing of 30
but on the other hand price is under 50 ma and have a resistance above in the 4h chart
it's hard for price to reverse up at this point ,but with all that I still think it's going to bounce up because that is what price action is telling us on the 4h and daily chart
THIS IS JUST AN ANALYSIS...
price made a falling wedge pattern in the way down in past few weeks and this is a bullish signal
in addition to the falling wedge pattern , price in near a support level on daily chart which makes a pretty beautiful zone to buy
also RSI indicator is bouncing of 30
but on the other hand price is under 50 ma and have a resistance above in the 4h chart
it's hard for price to reverse up at this point ,but with all that I still think it's going to bounce up because that is what price action is telling us on the 4h and daily chart
THIS IS JUST AN ANALYSIS...