The Currency Pair is trading in a range at higher levels. The  Currency Pair is consolidating between 1.07950-1.0650, we need to wait for the Pair to break beyond this level, if the Pair is able to break on either side according to that we will suggest to take position.

If the breakout is on the upside the Pair has to close above 1.07950, wait for one 5 min candle to close above this level, if it is able to close above the mentioned level start buying.

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the Pair has to close below 1.0650 levels, wait for one 5 min candle to close below the level, if it is able to close below the mentioned level start selling.

AUD/NZD

Mar 09 2022