AUDNZD was identified at around 1.08541 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1.0904 level.
After testing the resistance line numerous times, AUDNZD is once again approaching this line. Can we expect a bullish trend to follow?
