Daily Analysis on AUDNZD by ThinkingAntsOk
Use this as a guide to develop your view of the chart:
Main items we can see on the Daily chart:
a)The price is inside an ascending channel (primary structure)
b)The price bounced from the lower trendline of the ascending channel
c)We can see a corrective Structure that has been broken with a bullish movement
d)We expect a continuation of the long movement towards the next resistance zone at 1.068
e)The current area is a good one to look for opportunities towards the macro target.
Main items we can see on the Daily chart:
a)The price is inside an ascending channel (primary structure)
b)The price bounced from the lower trendline of the ascending channel
c)We can see a corrective Structure that has been broken with a bullish movement
d)We expect a continuation of the long movement towards the next resistance zone at 1.068
e)The current area is a good one to look for opportunities towards the macro target.