AUDNZD pair moved in a consolidation between resistance around 1.0754 and support at 1.0580. However currently there was a break of support and the price is moving in a southern direction. Additionally we can observe that recently formed peaks were at lower and lower levels. We can now consider speculation on declines after upward correction. Potential setups may occur after returning to the broken support, which is now resistance. Dynamic resistance is the 20-period SMA and its surroundings you can also expect sales signals. The next target for any short positions is located on the support at 1.0474.
