AUD/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.05573, 1.06024, 1.06500.
Key Support Levels: 1.04771, 1.04585, 1.04310.
Daily Time Frame:
The price on the higher time frame succeeded to break the bearish channel to the upside after posting a double bottom. The market is about to move to the upside in a new bullish impulsive wave toward the next key resistance level.
AUD/NZD Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the market as well succeeded to break the bearish descending channel after finding buyers below the dotted line. a lower correction could be seen before a new impulsive wave toward the mentioned target profits below.
Buy Limit Order @ 1.04778
TP 1 @ 1.05573
TP 2 @ 1.06024
Stop Loss @ 1.04513
Trade Safely 🙂