Will AUDNZD Revisit 1.08000?

26 Jul 2022

Hello again traders! Looking at this market we can see a possible triple top formation in the making. Of course we would need some confirmations but just off speculation, we would love to see this bears step in and take this market down to the 38% of this bullish rally. We could get a bearish reaction from this resistance area and if it is respected, we will then need a break out of this consolidation to the downside where a right shoulder retest could also form before continuing down. Analyze and look for confirmations for this potential short opportunity.