AUD/NZD Technical Analysis

AUD/NZD has formed the valley
Historical sellers are aligning with now moment sellers
Breakout below the M H3 suggests the continuation
Target is at the M L3 level

DAILY CHART AUD/NZD

Historical sellers
Now moment sellers
Evening Star pattern entry
The break below the neckline

The valley between point 1 and 2 represents the historical selling and the first retest of the level during major downtrend. At this point we can assume that the market will make a continuation move. The entry which is clearly visible is at the confirmation of the evening star pattern. We should seeﾂ 1.0480, 1.0450 and 1.0409 if the daily or weekly close is below 1.0523. The market is still bearish and this move up was a correction. Selling should continue.