AUDNZD Re-entered into the Descending channel and reached -650 Points

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. 

Get Each forex signal with Chart Analysis and Reason for buying or selling the trade which helps you to Trade with confidence on your trading account.

We always want you to trade forex market safe with care.

Please Don’t trade all the time, trade forex only at best trade setup.

It is better to do nothing, instead of taking wrong trades.

We are here to help you for taking the trades only at best trade setup.

If you like to receive more analysis at accurate time, subscribe to premium or supreme signal plan here : forexgdp.com/forex-signals/

If you want to learn forex trading using best trading strategies, you can purchase our forex trading video course here.

Thank you.

FOREX GDP

Forex GDP team provides High Quality Forex signals services exclusively to all type of traders around the world. Each signal given with chart analysis that helps you to trade with confidence on your account. Forex GDP team worked with Major banks, Financial Institutions, Liquidity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try free now to see the quality trades on your account.

FOREX GDP

Don't trade all time, trade forex only at best setup

X