AUDNZD:Long Opportunity

AUDNZD formed a type of falling wedge pattern and now it is broken. There is a high possibility for a double bottom and the beginning of the up move. If price breaks down from the red zone then it can continue down up to the daily trend line.

Kommentera:

Daily picture

Kommentera:

Price is breaking to downside and created a lower low.

Kommentera:

The red zone proved to be a strong support zone. Very fast move to upside.