AUDNZD: Bearish Outlook Explained 🇦🇺🇳🇿

Short

Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)

OANDA:AUDNZD Australian Dollar / New Zealand Dollar

Supply and Demand Multiple Time Frame Analysis Double Top or Bottom AUDNZD priceaction priceactionanalysis priceactiontrading priceactionstrategy australiandollar aussie Contains image

supplyanddemand mtfa doubletoporbottom audnzd priceaction priceactionanalysis priceactiontrading priceactionstrategy australiandollar aussie containsimage

snapshot

AUDNZD is testing a wide daily horizontal supply area.
The price formed a double top pattern, approaching that on an hourly time frame
and broke its neckline with a high momentum bearish candle.

I expect a retracement to 1.0848 / 1.0828

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