Main items we can see on the chart:

a) The price has broken an ascending trendline after finding resistance on a relevant supply zone

b) After the Breakout, we saw a corrective Structure (ABC Pattern)

c) Currently, we are observing a breakout of the ABC Pattern

d) We expect a bearish movement towards the next Support zone

e) We should be able to observe Corrective Structures on the way that allow developing high-quality setups
audAUDNZDForexfxMultiple Time Frame AnalysisNZDSupport and ResistanceswingtradingTrend Analysis

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