audnzd forecast tomorrow || qexchange340

AUD/NZD Forecast for Tomorrow – Bearish Outlook

Hey Traders!

Let’s analyze AUD/NZD on the D1 (Daily) timeframe and assess the potential movement for tomorrow.

Key Observations on AUD/NZD (D1 Chart)

✅ Previous Support Broken: The market broke the last support but then retraced back up.
✅ Bearish Head & Shoulders Formation: A Head & Shoulders pattern has formed, signaling a potential bearish reversal.
✅ Structure Breakdown: The market has broken the key structure, increasing the probability of a further drop.
✅ Lower Timeframe Confirmation

Needed: For a sell entry, traders should look at lower timeframes (H4, H1) for confirmation signs like rejections or bearish momentum.

Trading Strategy – Bearish Setup

• If price retests the broken structure and shows rejection signs, this could confirm further downside.

• Look for bearish price action on H4 or H1 before entering a sell trade.

• Target potential levels like 1.0670 and 1.0630 as the next supports.

📉 Sell Confirmation

Invalidation of Bearish Setup

• If price reclaims the broken structure and starts trading above the right shoulder, the bearish setup might be invalid.

Conclusion

📌 AUD/NZD shows a bearish structure with a Head & Shoulders pattern, indicating a potential drop.
📌 Traders should watch for lower timeframe confirmations before entering a sell trade.
📌 Key support levels to watch: 1.0670 and 1.0630.

🚀 Stay patient, wait for confirmations, and trade smart! Let me know if you need an updated analysis..