AUD/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.0932, 1.0960, 1.1025
Key Support Levels: 1.0815, 1.0760, 1.0645
The price on the higher time frame it is posting higher lows and highs which shows that we are in a clear upward movement. Recently, the price formed a bullish channel pattern where a correction count has been posted.
AUD/NZD Medium-Term Trend: Bullish
On the 4-hr time frame, the price is trading inside a bullish flag formation which represents the correction count. A breakout to the upside is expected from this flag formation and then a re-test of the 1.0817 USD level might be seen before a move upward to the 1.0860 USD mark.
Buy Limit Order @ 1.0817
TP 1 @ 1.0860
TP 2 @ 1.0932
Stop Loss @ 1.0795
Trade Safely 🙂