AUDNZD is moving towards a line of 1.0870 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If AUDNZD continues in its current trajectory, we may see it move towards 1.0870 within the next 21 hours.
AUDNZD seems to be on its way to resistance – a possible opportunity?
