AUDNZD: AB=CD Pattern ! Another Brick On The Wall |SELL

[OZER]

AUDNZD is one of those currency pairs that it is not giving up from the highs.
Anway from the previous analysis we can see a very good price development.
Now we can anticipate a potential small "Double Top Pattern".
If the price will break down below 1.0550 we can see it moving lower up to 1.0520 and the other respective support areas as shown on the chart.
So the small trading range now is between 1.0552 - 1.0590

Targets:
1.0485
1.0420

Thank you and Good Luck!

[farinose]

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[Apenscheit]

Why the buyers push up the prices, the buyers would want to buy at a lower price and sell it at a higher price, can you please clarify?

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