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JoyBoyVegae
Feb 14, 2024 10:20 AM

Is this a start for AUDNZD Bullrun? This could be  Long

Australian Dollar/New Zealand DollarFXCM

Description

1988,1995&2004 bottomed support had been broken plenty of times since 2015 & 2020 double multiple dip the same area since then and bottomed confirmed from the same zone we were at right now.

Will AUDNZD start the bullrun this year since over 30 years ago? If the bands keep pressure the buys then mostly like will skyrocket to break above 1.7320 area to stay bullish. The bears will keep dominating if the bulls don’t try to break above the key zones to break away from the bearish trend.

Overall the highest high from AUDNZD is above 1.7600 area since the past 2 or 3 decades.
In order for AUDNZD to breakout then it has to break above 1.7320 area if it ever did then the bull run begins to keep the same momentum and strength.
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