AUDNZD Know when to buy and sell. Strong pattern ahead.

3 thg 6The AUDNZD pair is currently consolidating exactly on the 1D MA200 (orange trend-line) following the May 07 rejection near Resistance 1, which resulted in a strong sell-off. We expect this sell-off to extend at least as low as the 0.618 Fibonacci retracement level (blue) and then rebound towards the Symmetrical Resistance Zone, approximately on the upward 0.618 Fib (black).

Our long-term Target is eventually 1.06600 (near Support 1). Our projection is based on the similar price action of June- July 2023.

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