AUDNZD SHORT TO LONG

Looking at the Daily Time Frame we can see the market is back at the resistance zone. We can see the formation of a bearish engulfing candle that points to the idea of the market being rejected at that particular resistace zone. However, we can see the market has been recently forming a series of HH and HL. Patiently waiting to see the market retrace to form a new HL around the 50 fib level and then go long and hopefully see the resistance zone broken to form a new HH. lets see how the market unfolds