The currency pair AUD/NZD energetically broke through the downtrend line led from the high of 16 March, as well as horizontal resistance near 1.1195.

It seems that today’s session may be completed at higher levels than said resistance at 1.1195, which is now support for the price.

Return to the support line designated on the chart and there confirmation signal a return to increases, you can consider purchasing PUT options.

Alternatively, the closing of the support and brekaout candle, negates the bullish bias on this pair.

0318-AUDNZD


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