🔥 AUD/NZD Bullish Channel

Long

Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)

OANDA:AUDNZD Australian Dollar / New Zealand Dollar

Trend Analysis Technical Indicators Chart Patterns Forex aud NZD Parallel Channel

trendanalysis indicator chartpattern forex aud nzd parallelchannel

Since 2021, AUD/NZD has been trading in a nice bullish channel. Since a couple of weeks, however, this pair has been falling towards the support of the channel.

This trade is based on the idea that the channel will hold in the mid-term.

Entry: 1.074
SL: 1.0695
TP1: 1.083
TP2: 1.093

Happy trading!

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