AUDNZD Breakout Alert | Reversal in Play?

The AUD/NZD pair is showing strong bullish momentum as price has finally broken above a long-standing bearish trendline. After a period of consolidation within a descending triangle, bulls have managed to push price above the resistance zone, signaling a potential trend reversal.

Key Observations:

🔹 Bearish Trendline Broken – Indicates a shift in momentum from sellers to buyers.
🔹 Resistance Level Target: 1.09216 – This level aligns with previous supply zones and is a key target for bulls.
🔹 Retest in Progress? – Watch for a possible retest of the breakout zone around 1.0780–1.0800. Confirmation here could offer a great long entry.
🔹 Bullish Projection – If the retest holds, price could rally aggressively toward the 1.09200 level in the coming sessions.

Trading Plan:

✅ Buy on retest confirmation of the broken trendline.

🛑 Stop-loss below the breakout zone (around 1.0760).

🎯 Target: 1.09216 (next major resistance).


💬 Let me know in the comments: Are you buying AUD/NZD or waiting for confirmation?

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