AUD/NZD in a clear opportunity for explosive breakout (1)
AUD/NZD made Lower Highs and Lower Lows till price got stucked between $1.05 resistance and $1.04 psichological support (purple horizontal-dotted lines). Also, @ $1.04 there is another support from rising trendline. (green rising line)
Because we got Lower Highs and Lower Lows (magenta arrows) on this move, then it's normal to suppose the move will continue and our "bet" will be for the short side.
Because we got Lower Highs and Lower Lows (magenta arrows) on this move, then it's normal to suppose the move will continue and our "bet" will be for the short side.
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