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?
β€οΈPlease, support this idea with a like and comment!β€οΈ