AUDNZD: Consolidation & Complete Indecision
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?