AUDNZD: Consolidation & Complete Indecision 🇦🇺🇳🇿

Hey traders,

During the morning talk with my students, we discussed AUDNZD.
The pair is currently ranging.
1.061 - 1.062 is the resistance.
1.054 - 1.055 is the support.

To clarify the future direction of the market,
wait for a breakout of one of its boundaries.

In case of a bearish breakout, I will expect a fall to 1.05
In case of a bullish breakout, a bullish move will be expected to 1.066

Wait for the breakout & follow the market.

Are you on bullish or bearish side here?

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Comment:

Check my new analysis on EURUSD: