Pair: AUDNZD
Time Frame: H1
Tarikh : 10.05.2021
Price will test resistance above then will drop to break the trendline and will drop to support below.
Price has been in consolidation since 20th April. -We should wait for a retracement of the supply/liquidity zone to look for a short setup
The two Australasian currencies are represented in the Australian Dollar vs. the New Zealand Dollar pair. High Rollover rates and like geographical locations cause them to often trade alike against other currencies. Because of this the pair is not extremely affected by global factors or trends but instead reacts more to changes in the local economies.
