AUDNZD - Daily Time Frame
- In a big channel (620 pips approx)
Two scenarios:
- A break below the orange dashed line, we might be going to the bottom of the channel (hitting the missed monthly and weekly pivots below)
- A move to the north (most likely because of stochastic being in the oversold zone), price will probably hit the weekly missed pivots above price. Then possibly dropping to the lower channel line
- In a big channel (620 pips approx)
Two scenarios:
- A break below the orange dashed line, we might be going to the bottom of the channel (hitting the missed monthly and weekly pivots below)
- A move to the north (most likely because of stochastic being in the oversold zone), price will probably hit the weekly missed pivots above price. Then possibly dropping to the lower channel line