AUDNZD MULTI TIMEFRAME STRUCTURE ANALYSIS

The pair has bounced from the horizontal resistance line and also from the diagonal channel resistance line on the daily and is now trading near the local highs.

The closeup analysis identifies that that the pair still has not broken the 4 month long diagonal support uptrend line, which is now close to intersecting with the greater channel resistance and the greater horizontal structure resistance lines.

Locally, there is an important horizontal support line, which forms one side of the appearing triangular pattern.

Together with the double bottom, the pair is set to reach the triangle resistance line.

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Kommentera:

another NZD idea, guys, check it out.

Kommentera:

target reached!