AUDNZD rejects the channel line and is expected to decline.
On the medium-term, AUDNZD showed strong rejection of the upper limit of the downward price channel and resistance levels at 1.0800.
It's reasonable to expect a decline to the next support levels of 1.05447 and 1.03132 if we keep our trading below the important resistance level of 1.0800, above which we should place our stops.
It's reasonable to expect a decline to the next support levels of 1.05447 and 1.03132 if we keep our trading below the important resistance level of 1.0800, above which we should place our stops.