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mikoaodu

AUDNZD LONG - Potential breakout of descending channel

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
mikoaodu  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Wave Analysis Chart Patterns audnzdlong AUDNZD Forex forexanalysis tradeidea swingtrading swingtrader
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trendanalysis waveanalysis chartpattern audnzdlong audnzd forex forexanalysis tradeidea swingtrading swingtrader
Price has been moving in a descending channel on the H4 time frame on AUDNZD and has recently made a 3rd test of the lower trendline and has had a strong bullish rejection from it. There is a good possibility that we could now get a swing to the upside and finally see AUDNZD breakout of the channel and see a test of the next key level of resistance above it.
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