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DeGRAM | AUDNZD decreasing volatility in the channel

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
DeGRAM  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Chart Patterns Support and Resistance audnzdanalysis audnzdsignal
10
1
trendanalysis chartpattern supportandresistance audnzdanalysis audnzdsignal
AUDNZD instantly reacted with a decline upon reaching the dynamic resistance.

The volatility of the movement decreased, forming an ascending wedge.

We expect a sell-off from the resistance, a retest of the support level, and a 38% retracement level.


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