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Tue, Feb 20, 2024

AUD/NZD Broken the bottom level of the range in Daily Chart
2 mins well spent

AUD/NZD Analysis : 

AUD/NZD was moving in an Uptrend by forming Higher Highs and Higher Lows in Daily Chart.

Recently, Market broken the bottom level of the range with sellers pressure.

Now, AUD/NZD have 2 probabilities to travel.

1) Market continues to travel down

2) Market retrace back, Re-test previous breakout level and starts to move down.

As per the technical analysis, market will travel in any of this 2 ways.

Please note : AUD/NZD is slow movement currency pair. if you are trading AUD/NZD, you must have more patience to hold your trade for long time. Don’t trade AUD/NZD pair if you are not familiar with long term trading.

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