OANDA:AUDNZD Australian Dollar / New Zealand Dollar
AUDNZD is in a larger descending structure, and the price is consolidating at a potential double bottoms on the higher time frame.
We can see price has made several swing highs and lows within the descending structure, potentially completing this correction.
Within the structure we can also identify the LTF as well, and now that price is impulsing up now,
be good idea to look for continuation price action for a possible entry to the top,
If price does indeed breakout of the larger descending structure, and form further continuation correction then expect the move up to the next swing highs.
Comment: Price correctively move down within LTF descending channel, but still within the larger HTF structure. We see price is breaking up now, still watch out for bullish continuation corrections.