AUD/NZD Wave Analysis: Resistance Zone Tested
The AUD/NZD currency pair recently reversed from a resistance zone that lies between the key resistance level of 1.1165 and a resistance trendline forming part of the wider weekly up channel since 2022. This crucial resistance zone has implications for traders seeking entry points. Monitoring how this pair interacts with the resistance levels will be essential for understanding future movements. Traders should remain vigilant and adapt their strategies based on shifting trends within the market. Staying informed about economic developments in Australia and New Zealand will also be pivotal.
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