AUDNZD is currently in a short-term downtrend on the 4-hour chart. Price has been forming lower highs and lower lows, confirming bearish pressure. Recent candles show rejection at higher levels, supporting downside continuation.
1.09400 – 1.09550: Strong resistance zone where price was previously rejected multiple times.
1.09380 (your entry) aligns with a minor lower high, reinforcing this level as a valid sell area.
1.09400 – 1.09550: Strong resistance zone where price was previously rejected multiple times.
1.09380 (your entry) aligns with a minor lower high, reinforcing this level as a valid sell area.
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