Hello Traders ! On Wednesday 3 April, The AUDNZD Reached The Resistance Level (1.09438 - 1.09364) and Failed To Break It. Currently, The Higher Low is Broken (Change of Character) Moreover, The Support Line is Broken ! So, I Expect a Bearish Move 📉 TARGET: 1.08825🎯
The resistance zone seems solid, as the price has respected it multiple times in the past. A price break below the ascending trendline is a good sign of bearish momentum entering the market. It appears the price might be below the 50% Fibonacci retracement, which is also a good sign of bearish momentum. Let's see how this plays out.