The AUDNZD pair is currently testing a highly sensitive zone that has historically acted as a powerful springboard for price action. We are at a "make or break" junction, watch these levels closely!
1. If the price successfully holds its ground and continues to trade above 1.1565, the historical demand will likely confirm a fresh leg up.
Target: 🎯 1.1620
Sentiment: Strong recovery potential as bulls defend the zone.
2. If the demand fails to hold and we see a slide below 1.1539, the structural narrative shifts. A breach here suggests the sellers have taken control of the trend.
Target: 🎯 1.1467
Sentiment: Potential for a rapid acceleration toward deeper support.
Confirm the move using volumes !
1. If the price successfully holds its ground and continues to trade above 1.1565, the historical demand will likely confirm a fresh leg up.
Target: 🎯 1.1620
Sentiment: Strong recovery potential as bulls defend the zone.
2. If the demand fails to hold and we see a slide below 1.1539, the structural narrative shifts. A breach here suggests the sellers have taken control of the trend.
Target: 🎯 1.1467
Sentiment: Potential for a rapid acceleration toward deeper support.
Confirm the move using volumes !
Trade active
Book partial profits at 1.1600Trade closed: target reached
Target of 1.162 hit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.