Chart of the Day AUDNZD

/ Chart of the Day / By Alex

AUDNZD is testing the downside support

AUDNZD is reacting to a downside support/ upside resistance 1.0550 level. Look for the reaction here for a possible extension lower or an upside break. A daily close above 1.0600 is required for a reversal higher. A rejection here will lead to a retest of a strong downside resistance 1.0400 level

Note: look for the short trade entries with the stop loss above 1.0600

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