AUDNZD Look For Short In This Retracement

Upper quartile, previous structure and the 0.382 fib level all meet in a zone and make us believe that price will reverse from that level. In fact price looks like it's bouncing from that level, but i think that it will drop to test a support, previous resistance level. On it's way to that level we may have a plenty sell opportunities looking in the lower timeframes.

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Comment:

Price has reached the slide parallel of the median line. Keep a close eye for a buy setup to complete at this level