After a great buy in July on this pair, the pair is forming a rising wedge from the July low at 1.0395 and looks like exhaustion to me. This pair is not the fastest mover and therefore I want to see a H4 close below wedge support around 1.0800 with a re-test of this support as new resistance to confirm the break before considering a sell. Resistance is around 1.0870 with next key support at 1.0800. I’m not interested to buy this pair while the rising wedge is at play.

AUDNZD - H4 RISING WEDGE - 20 AUG

Source: MARYNA

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