AUD/NZD Daily Analysis

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Since testing and rejecting the demand zone at 1.1170 for a second time, we have seen price gradually descend back towards the rising trendline.

Thursdays price action saw a close below the trendline and a possible push from the sellers to test the water.

Friday saw buyers back in play but price still closed below the broken trendline.

Retest of the trendline or false break?

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