Bearish Setup Forming on AUDNZDHello everyone, what do you think about AUDNZD?
Recently, the market has shown an impressive rally, pushing straight into a key resistance zone. This is exactly the type of resistance I pay close attention to, and one that has appeared multiple times in my past analyses.
The reaction here is quite clear: price has slowed down, showing strong signs of hesitation. What interests me is not only the candlestick structure but also the volume behavior – a factor that often strengthens the conviction of whether we’re looking at a reversal or continuation.
With the current setup, my target is around 1.0990.
What’s your view on this scenario? Share your thoughts in the comments – exchanging ideas with the community is always a great way to grow as a trader.
