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AUDNZD Bouncing Off Channel Bottom!!!

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Dollar Australia / Dollar New Zealand (OANDA:AUDNZD)  
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OANDA:AUDNZD   Dollar Australia / Dollar New Zealand
Support and Resistance Trend Lines Parallel Channel
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supportandresistance trendline parallelchannel
20210514 - 07:20am

AU Economy is picking up with the adequate controls in place to manage current Covid situation and positive eco reports.

Trade is executed @1.07566 Daily Key Level. A nice imprint of a channel setup, plus a retest of SMA200, with support crossover from MACD and uptrend on RSI. Note: Highly possible retest of channel bottom.

Expecting Price to rally to the 1.1 (top of channel) by early/mid June.
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