AUDNZD

Upon resistance from the descending channel, price formed a weekly pin bar followed by a confirmation candle.

SUMMARY.

Bears have strongly begun showing their hand.Time combined with price action will guide us to see how much further their power will be sustained.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.