AUDNZD UPDATE AND TRADING PLAN

hey guys,

a lot of questions about audnzd and when it is the best moment to sell.

as you can see, on a daily bullish rally continues and we still don't see any red candle,
though, we are already approaching strong daily resistance.

for now, there are no reversal signs so we need additional confirmation.

on 1H the price is growing within a rising parallel channel.
the best confirmation for us will be a bearish breakout of its support.
it will be a perfect trigger for us to open short.

in case of a breakout, I will set my stop above the underlined zone and for the initial target, I will aim at 1.035.
stop to breakeven after 1.04

also, remember that bulls can just break through the zone.
in case of a daily candle close above the zone, the setup will be invalid.