As you can see AUD/NZD has shown bearish movement after hitting the key resistance level at around 1.1042
Now it has retraced a little after reaching the KEY SUPPORT Level at around 1.0840
Now we need to see if it will reverse back to the same RESISTANCE Level at around 1.1042 or continue down to next major support level at around 1.0660.
If it comes back to the 1.0840 level and breaks it then SELL is confirmed.
A Like would be appreciated.
Now it has retraced a little after reaching the KEY SUPPORT Level at around 1.0840
Now we need to see if it will reverse back to the same RESISTANCE Level at around 1.1042 or continue down to next major support level at around 1.0660.
If it comes back to the 1.0840 level and breaks it then SELL is confirmed.
A Like would be appreciated.