AUDNZD trade analysis: Price is coming up to the next major resistance area as it was in the last few weeks, resistance hit and failed Jan 22nd, Feb 5th, and Feb 8th.
We can tell from the H1 and H4 that it has a stronger hold for resistance, and it is coming back currently to the same zone at 1.05388, so we can see an extensive push upwards if it breaks the area, we will then see a retest on the break and close of that zone, becoming new support and a high in price in the last 2 1/2 months.
We can tell from the H1 and H4 that it has a stronger hold for resistance, and it is coming back currently to the same zone at 1.05388, so we can see an extensive push upwards if it breaks the area, we will then see a retest on the break and close of that zone, becoming new support and a high in price in the last 2 1/2 months.
