POTENTIAL BULLISH OUTLOOK ON AUDNZD WEEKLY
Price has breached and closed above the weekly trendline.
If price breaks and retests the 1.13 resistance area and shows bullish continuation there is potential longs.
Potential bullish ABCD patten.
Potential Risk to Reward shown.
There is a possible inverse head and shoulders, with the right shoulder showing the weekly higher low at the 61.8 retracement level.
We could possibly await further bullish trend characteristics before taking any long positions.
If price breaks and retests the 1.13 resistance area and shows bullish continuation there is potential longs.
Potential bullish ABCD patten.
Potential Risk to Reward shown.
There is a possible inverse head and shoulders, with the right shoulder showing the weekly higher low at the 61.8 retracement level.
We could possibly await further bullish trend characteristics before taking any long positions.