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- AUD/NZD Price Analysis: Bulls looking for a fresh surge to the upside
AUD/NZD Price Analysis: Bulls looking for a fresh surge to the upside
- AUD/NZD is teeing up for a bullish continuation on the daily chart.
- H1 is currently bearish, but bulls await a break of the lower highs.
AUD/NZD bulls are in anticipation of an onward bullish continuation on the daily chart and the following illustrates the current market structure and challenges for the bulls for the meantime.
AUD/NZD daily chart
The price has corrected a significant portion of the prior daily bullish impose. There are now prospects, so long as the bulls stay committed, for bullish continuation to play out over the foreseeable future on the daily chart.
AUD/NZD H1 chart
The bearish divergence is a potential meanwhile hindrance for the bulls. However, a break of the lower highs within the bear trend could be the green light needed to encourage buyers, ultimately leading to the start of a fresh daily sure to the upside.
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