AUD/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.06328, 1.06393, 1.07000.
Key Support Levels: 1.06078, 1.05901, 1.05501.
1-Hr Time Frame:
The price on the higher time frame succeeded to break the bearish channel to the upside and entered into a bullish flag formation which has a tendency to be broken to the upside since the liquidity was found near the highlighted yellow area.
AUD/NZD Medium-Term Trend: Bullish
15-Mins Time Frame:
On the lower time frame, the price is seen inside a bullish wedge formation where it failed to break the bespoke support and posted an engulfing bullish pattern signaling that the buyers are in control of the market. A lower correction could be seen before a new bullish impulsive wave.
Buy Market Order @ 1.06100
TP 1 @ 1.06399
TP 2 @ 1.07000.
Stop Loss @ 1.05952
Trade Safely 🙂