AUDNZD pulls back to key zone

AUDNZD pulls back to key zone

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Orlando Gutierrez

Updated: 13 October 2022

The AN has rallied 4.11% (428 pips) from low to high since the move started back in December 2020.

It has now fallen 1.50% or 165 pips to retest a previous key zone trading inside of a very structured move.

Price has now made a higher high and higher low on the hourly breaking with said structure whilst being supported by the 200 sma.

We are targeting the 50% retracement which confluences with the daily pivot and the next key zone.

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