AUDNZD testing support

Good Evening Dynamic Traders,

The daily chart of the AUDNZD posted below shows price action has crept back south to a significant previous support. Having closed below a more recent Fib breather level price is now testing the support line with today's bearish bar showing some momentum. Although a LH and a LL has been produced at least 4 support hurdles which are displayed on the chart below await price before it can continue south should the bears overpower the bulls.

Apply the relevant filters if you are planning to enter the trade to avoid a FBO. The conservative traders may wish to await further signals/confluences.














Good Trading!
Bijal Shah

www.fxcps.co.uk
www.fxcps.eu
www.dynamictraderblog.com

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