AUDNZD recently reversed down from the round resistance level 1.0600 – standing near the weekly upper Bollinger Band.
The downward reversal from the resistance level 1.0600 stopped the previous short-term corrective wave 2 from the end of March.
Given the clear multiyear downtrend that can be seen on the weekly AUDNZD charts – AUDNZD is expected to fall further toward the next support level 1.0500 (former key resistance from the start of 2020).
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