AUDNZD short view

Looking at the chart on the four-hour time frame, we see that the pair failed to hold around 1.10000 and then make a pullback. The moving averages of the MA20, EMA20, and MA50 are now on the bearish side, directing the pair towards the MA200 and EMA200 at 1.08000. T we can ask for support for a new bullish momentum and re-target at 1.10000. on the chart, we can draw the lines of resistance and support to make it easier for us in which frame the pair is moving.