velmunis

AUDNZD loves downward channel

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
​​AUDNZD-H1

Key points

⚡️ After the impulse moves from 1.05500 level it has reached around 1.1000 level which is a key psychological level and started falling

⚡️We can clearly see the LL LH LL patterns and trading in a downward channel

⚡️The first major rejection comes around 23.6% Fibo at this level we have selled before but unfortunately it's retraced back towards entry point and felled almost +70 pips from 1.09300 level

⚡️Currently the price felled below the 50% fibo and will continue to fell towards 1.06000 level

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