• Vasily Trader

AUDNZD: Important Breakout & Key Levels (Structure Analysis)

hey guys,

sharp bearish rally started this night on AUDNZD.

1.083 strong structure support was easily broken and now short rally will most likely continue to the next structure.

based on 3 days chart analysis here are the key levels to look at:

1.065 - 1.069 support area is based on 2018's and 2019's price action. it might be a current goal for sellers.

1.05 - 1.1056 support area is based on current year's and 2019's price action and 2018's low.

1.081 - 1.085 is our closest resistance area .

remember that the best and safest trading opportunities are always from key levels.

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