AUDNZD Will Keep Falling! Here is Why: 🇦🇺🇳🇿

Short

Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)

OANDA:AUDNZD Australian Dollar / New Zealand Dollar

Support and Resistance Supply and Demand Trend Lines AUDNZD aussie australiandollar NZD newzealanddollar forecast Forex trading techincalanalysis

supportandresistance supplyanddemand trendline audnzd aussie australiandollar nzd newzealanddollar forecast forex trading techincalanalysis

snapshot

AUDNZD broke and closed below a key horizontal structure support on a daily.
The broken structure and a falling trend line compose a contracting supply zone now.

A bearish continuation will be expected on the pair.
Next goal - 1.048

For entries, consider the underlined blue area.

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