AUDNZD 1 Sep 2023 on the weekly timeframe, it can be seen that this pair still continues to range between S1 and R1. It had managed to break the 61.8 Fibo level but had to experience a bearish trend again. If you look at the chart, it is likely that the bearish signal will continue. Therefore, go-short is still an option for traders. But on the other hand, if there is a factor that is able to influence market movements, then causing this pair to rise until it penetrates R1, then go-long can be an option. Keep an eye on market movements and changes, learn many indications before making trading decisions.
