The AUDNZD found support at the previous demand zone which has started the last bullish trend. Price shot immediately back up after it has reached the demand. A classic market bottom at a key support level.
Currently, price is able to keep up the bullish momentum and eve broke the 20 SMA to the upside. 1.055 is a strong support and resistance level and a break of that level can foreshadow more bullishness.
Comments
tradewonk
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Hey Rolf, you have been active alot in tradingview this week, do you gonna continue with that ? :-)
Batman-oz
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Thanks Rolf, already had that one on my radar. SMTM