FX.co ★ AUD/NZD

Hello traders. H1 chart. The currency pair AUDNZD. Over the past few days, the price has been moving in a stable bullish trend, only occasionally pausing for pullbacks downwards, to a shallow depth, after which the upward movement continues. The H1 chart presented shows exactly this price action dynamic for the AUDNZD pair within the day. Sometimes the price starts moving sideways, as seen on the provided screenshot of the H1 chart, with a subsequent continuation of the upward trend. I have marked a target level for buyers, which serves as a guide for them during these days of price increase. Tomorrow, with the opening of a new weekly session, it is possible that in the Asian session this point will be tested at the very least, and at most, buyers will break through and consolidate above it by the end of the trading day. In this situation, sellers may push the price towards the nearest strong EMA following the price, but afterwards, I expect a bounce upwards and the overall realization of the bullish scenario.