On the AUDNZD daily chart, we can see that the pair is still below the broken long-term uptrend line after the rejection from 1.0600 level. This is now making short trade entries a high probability trades. We could see an extension lower from here targeting 1.03700 level. Only a daily close above the 1.06100 level could invalidate the downside extension.
Note: Look for the short trade entries with a stop loss above 1.0620 level.
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