• Vasily Trader

AUDNZD: Important Breakout & Bearish Continuation

Hey traders,

AUDNZD broke below 1.041 key daily structure support .

After a long-lasting bearish accumulation on that and the formation of a descending triangle ,

the price managed to violate its neckline and drop lower.

Now we will expect a bearish continuation within a falling parallel channel .

Consider its boundaries for trend-following/counter-trend entries.

Good luck!

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