Here’s � an UPDATE on the 4HR chart time-frame of the #AUDNZD.

We can see price carved a potential bullish rising channel right from the Lower-low of mid march 2020 on the 4hr chart.

Price carved a potential bearish pin at a confluence zone which acts as a resistance level and also at the 50% fibo retracement level.

Price made a bearish rotation and currently retesting the dynamic support trendline of the bullish channel.

Closest resistance acts @1.03168 and closest support acts @1.01602

Will this formation result in a false breakout or what’s next

Remember we are still in a long-term bearish trend and this may interest sellers to pull price in their favor, also this long term trend doesn’t give a 100% guarantee price may result into bearish state.

Wish to see how I approach and trade this currency pair??

Click here now � www.fxklex.com/tradingclass

Want me help you become a better trader?? click here: www.fxklex.com/tradingclass

I hope you don't blow people account with this your strategy oh.... Which time frame you put am?