AUDNZD Breakout and Retesting

AUDNZD Breakout Analysis

AUDNZD moved in an Ascending channel by forming Higher highs, higher lows in 4-hour chart.

After reaching the top level of the resistance zone, AUDNZD starts to make some correction.

AUDNZD hits the top resistance zone and making some corrections

Recently, AUDNZD broke the bottom level of the Ascending channel, After the breakout, Market retesting the breakout level now.

As per the breakout strategy, if market breakout from the price range and if retest happens then we can expect a sharp movement from the retest level.

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