AUD/NZD is standing now at the bottom zone of the downtrendline

AUD/NZD Analysis : 

AUD/NZD is moving in a downtrend range by forming Lower Highs and Lower Lows in H4 Chart.

Now, it has reached the bottom zone of the downtrend line.

Let’s wait for the confirmation of Reversal or breakout to enter into the long term trade on AUD/NZD.

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Education note :

Uptrend = Higher Highs and Higher Lows

Downtrend = Lower Highs and Lower Lows

Thank you.
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Forexgdp Team.

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