The AUDNZD found support at the previous demand zone which has started the last bullish trend.
Price shot immediately back up after it has reached the demand. A classic market bottom at a key support level.
Currently, price is able to keep up the bullish momentum and eve broke the 20 SMA to the upside. 1.055 is a strong support and resistance level and a break of that level can foreshadow more bullishness.
Price shot immediately back up after it has reached the demand. A classic market bottom at a key support level.
Currently, price is able to keep up the bullish momentum and eve broke the 20 SMA to the upside. 1.055 is a strong support and resistance level and a break of that level can foreshadow more bullishness.
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog