AUD/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.03669, 1.04186, 1.04679.
Key Support Levels: 1.02972, 1.02255, 1.02200.
The price on the higher time frame failed to break the strong daily support around the 1.02972 NZD mark where the coin moved below it and then moved higher. A reversal occurred after the market posted a hammer bullish bar and further movement is expected in the coming hours.
AUD/NZD Medium-Term Trend: Bullish
On the lower time frame, the pair succeeded to break the bearish channel to the upside with the help of a series of bullish bars. A lower correction could be seen to the highlighted zone before a new impulsive in the opposite direction of the main trend.
Buy Limit Order @ 1.03302
TP 1 @ 1.03655
TP 2 @ 1.04186
Stop Loss @ 1.03148
Trade Safely 🙂