AUDNZD Chart Technical Outlook

AUDNZD Chart Technical Outlook moving higher to the confluence barrier
I have a resistance barrier between 1.0794 and 1.0800. The 61.8% pullback level of the last decline is located at 1.0800. The current move to the upside looks like a corrective three-wave pattern. I look to this zone as a substantial upside barrier with the potential to correct lower within the BC leg of the Gartley formation. It should also be noted that the NZD basket highlights limited selling.

We will be happy to hear your thoughts

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