FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD             may be heading for the 1.091 multipivot level once again. But first another test of the magenta median line . The AUD is getting stronger, much more so than the NZD. Found support above the prior major low, broke the basic bear trend line and is ready to make another leg up in this trading range we've seen it since the beginning of this year.

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There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.
Is it forming a bottom or some continuation pattern?

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A potential scenario.

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Currently the AUD is in a declining phase of momentum cycles. Market has found some support at the 50% retracement. If it holds, tomorrow there may be another leg up.

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