AUD/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.0740, 1.0758, 1.0798
Key Support Levels: 1.0718, 1.0698, 1.0677
The price on the higher time frame is in a clear upward movement where it posted higher highs and lows. Recently, it succeeded to enter back to be traded between two strong key levels (1.0720 & 1.0800 USD). Our expectation is to see a further move to the upside in the coming days.
AUD/NZD Medium-Term Trend: Bullish
On the 1-hour time frame, the pair violated the bullish flag structure and broke it to the upside after finding buyers around 78.60 % Fibonacci retracement level. A lower correction might be seen to the highlighted zone before a rally to the target profit.
Buy Limit Order @ 1.0733
TP 1 @ 1.0757
TP 2 @ 1.0798
Stop Loss @ 1.0721
Trade Safely 🙂