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Monday, May 23, 2022

AUDNZD Re-entered into the Descending channel and reached -650 Points
1 mins well spent

AUDNZD Breakout and Retest Process failed

AUDNZD has broken the top zone of the descending channel.

After the breakout, Market came back to retest the breakout level.

We expect the bounce back from the retest level,  but the market has fallen down continuously and re-entered into the descending channel.

This leads to the Stop loss price.

AUDNZD Reached 650 points sl

As per the Daily time frame chart, AUDNZD falls down to the higher low zone.

audnzd higher low bounce back level

Here the AUDNZD has chances to bounce back or Breakout. 

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