AUDNZD - Descending broadening wedge

FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD bounced off the descending broadening wedge support as expected from my previous analysis.
Price is testing the wedge resistance.
Bullish ⬆️ - breakout above the wedge resistance.
Bearish ⬇️ - breakdown below the minor trendline support + previous swing low.


I'm short nzd, head and shoulders on nzdchf so this trade could be valid, nice idea
+1 Reply
@fxpays yeah 👍
So we are waiting for the market to make a move so we can clarify on the direction it's going and figure out our entry point right?
+1 Reply
Chibuike_Odoh akpanhappiness11
Let's see how it goes