AUDNZD
AUDNZD has pulled back making structure pulling back to the 38.2 fib level. Price is sitting on a strong support and resistance zone and also on a daily rising trendline. Last week, price starting consolidating on the 1HR once price reached this level. I see two main possibilities for price this week.
1) Price respects the support and resistance level, and the rising trendline with price rising back to the highs.
2) Price breaks the support and resistance level and rising trendline, we retest and head lower.
1) Price respects the support and resistance level, and the rising trendline with price rising back to the highs.
2) Price breaks the support and resistance level and rising trendline, we retest and head lower.
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