AUDNZD appears to be in a wedge consolidation pattern on a higher TF. After producing an ending diagonal structure on the hourly, price action bounced off the lower wedge trend line and broke the ending diagonal. This may be a good sign that it's about to go back to the top. Let's try to catch this move up!
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Price action did not break the bottom and now has created a powerful impulse and appear to be going sideway. I will wait for a small retracement to the bottom of the flag before initiating buys.
Price action did not break the bottom and now has created a powerful impulse and appear to be going sideway. I will wait for a small retracement to the bottom of the flag before initiating buys.