AUDNZD: Do You See This Cute Pattern Forming
AUDNZD is trading within an expanding wedge pattern.
Reaching its resistance, the price dropped two times forming a head and shoulders pattern.
I am waiting for a neckline breakout as a trigger for a further decline.
I need at least 4h candle close below 1.0396 - 1.0405 area.
Next support will be 1.035
In case of a bullish breakout of the wedge , the setup will be invalid.