• Vasily Trader

AUDNZD: Consolidation & Complete Indecision

Hey traders,

During the morning talk with my students, we discussed AUDNZD .

The pair is currently ranging.

1.061 - 1.062 is the resistance.

1.054 - 1.055 is the support.

To clarify the future direction of the market,

wait for a breakout of one of its boundaries.

In case of a bearish breakout, I will expect a fall to 1. 05

In case of a bullish breakout, a bullish move will be expected to 1.066

Wait for the breakout & follow the market.

Are you on bullish or bearish side here?

1 view