AUDNZD has just gone through a fairly sharp decline, but selling pressure is no longer as strong as it was before.
After the rapid drop, price began to stabilize near the lows and moved into a consolidation phase. The fact that this area continues to hold suggests that sellers are gradually losing control, while the remaining selling pressure is being absorbed.
The short-term structure is now beginning to shift in favor of buyers. If price continues to hold above the consolidation zone and maintains its recovery, the possibility of a stronger bullish extension will become increasingly likely.
After the rapid drop, price began to stabilize near the lows and moved into a consolidation phase. The fact that this area continues to hold suggests that sellers are gradually losing control, while the remaining selling pressure is being absorbed.
The short-term structure is now beginning to shift in favor of buyers. If price continues to hold above the consolidation zone and maintains its recovery, the possibility of a stronger bullish extension will become increasingly likely.
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.