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AUDNZD Weekly Forex Forecast 27th October to 2nd November by yshashmi37 on TradingView.com
Midterm forecast:
1.1140 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI resistance #1 at 58 is not broken, the probability of price increase would be too low.
The RSI uptrend #2 is broken, so the probability of continuation of downtrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 49.
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