AUDNZD is currently forming a corrective pullback within an ascending channel aka bear flag. Look for price to do one of two things; either 1. push up one more time into resistance for a clean short entry or 2. impulsively breakout out of the channel and head toward the -27% Fibonacci extension. You can also see a head and shoulders pattern with price currently forming the right shoulder. This is a great set up heading into next week & a good risk to reward. I will state that is a short term trade, and once price reaches the 1.03700-1.03500 area we will analyze how price reacts at support. I am not a financial advisor. This is not financial advice. This is for educational purposes only.
