AUDNZD: Bearish Wave is Coming 🇦🇺🇳🇿
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Even though AUDNZD remains very bullish since the end of the last year,
the market is approaching a major falling trend line on a monthly time frame at the moment.
Taking into consideration how the market reacted to that trend line in the past,
chances will be high to see a bearish move from that.
To sell with a confirmation, on focus is a rising wedge pattern on a daily time frame.
Daily candle close below its support will trigger a bearish move at least to 1.077
If the price breaks the trend line to the upside though,
a bullish movement will be expected.
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