High chance of price will moving into supply zone in 126.400 and short for a RR 20:60. Other 2 scenario might happen and short position might still in profit but at higher risk.
AUD/NZD had broken descending channel and rallying through a supply zone and formed a new demand zone which means bull in control. With a supply zone ahead at 1.0710 which is touched on 17/Apr, currently price may trade sideways and then rally towards 1.0810 or drop to 1.0610 then rally towards 1.0810. SL around 1.0530 area as it may trigger a risk of 200pips free fall.
