Hi friends,
The week has started and the market is seeking for buyers. One of the pair that will look for buyers soon is the AUDNZD. Here is the 4H chart:
The red line is the daily trend line meeting. We have two wonderful supports and we have divergence forming. As it looks for now, the pair will look to stop and turn around and rise from this range. Our protection is below the last support and the trend line.
I wish you a wonderful day
Vladimir Ribakov
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Hi Greg,
1.2970-1.30 first target, then maybe even 1.3050
Vlad
I don't think it is. As long as we hold above the trend line I think it is bullish