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AUD/NZD Technical analysis

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
traderpulse  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Wave Analysis priceaction
6
1
trendanalysis waveanalysis priceaction
The counter is currently in a descending channel formation.
It hit the supportive trendline and bounced from the lows.
Also, it has broken a near-term resistive trendline.
Hence, we expect it to move to its long term resistive trendline for now.
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