AUDNZD

Monthly
• Moving Averages crossed to the upside
• Price action showing a bearish structure
• P.A has been in a 853 pip range
Weekly
• Moving averages crossed to the downside
• Price action showing bearish counter trendline being broken
• Price has found support at weekly support level of 1.05732
Daily
• Moving averages remain crossed to the upside before counter trendline break showing bullish momentum to follow
• Price action currently reacting to broke bearish structure
• Bearish counter trendline broken and P.A made a series of candles whom we await a nice retest or sign of further bullish momentum to follow
4 Hour [Execution Time Frame]
• Moving averages about to cross to the Upside
• Bearish counter trendline broken
• P.A showing change in structure by changing from lower lows and lower highs to making a higher low from the lower lower although steep
• Await perfect entry with good risk reward