The AUDNZD still bearish – Analysis – 30-11-2020
Economies.com
2020-11-30 06:39AM UTC
Despite the AUDNZD pair forming some positive fluctuations recently, its main consolidation within the bearish channel and the stability of the major resistance 1.0550 confirms surrendering to the domination of the bearish bias for the upcoming period.
Note that the stability of 50% Fibonacci correction level at 1.0520 forms additional barrier against the positive trades, to increase the chances of renewing the negative attempts that might target 1.0485 initially, followed by reaching 1.0410 in the upcoming period.
The expected trading range for today is between 1.0520 and 1.0485
The expected trend for today: Bearish
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