AUDNZD wait
From the monthly chart, you can see that the Australian dollar to the New Zealand dollar currency pair has been in consolidation for almost 8 years, but already in April 2022 the trend line was broken and in July the price rolled over the key level - 1.10500. These two factors make us think about buying this instrument.
As I said we see that AUDNZD has broken the trend line , and now it quite aggressively returning back to the broken trend line . This is a fairly standard pattern of technical analysis and many would start placing buy orders by seen such picture. But I wouldn't be in a hurry with such actions, because the price is falling too aggressively in my opinion.
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