SimpleFX AUDNZD Chart Analysis: September 27, 2019

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Apparently, now we see a gradual decline in the price from the upper bound of the green channel to its lower wall. The decrease occurs within the bounds of the red descending channel. Not so long ago, the price pushed off from the lower red wall, and now we see a corrective growth of the price to the upper bound of the red channel and the resistance level of 1.076. If the specified level is reached and the bulls can break it up, then the rise can continue to the yellow bound and the resistance level of 1.085. If we see a rebound from the level of 1.076, then the price is expected to decline to 1.072. If this level breaks down, the bearish trend will continue to the support level of 1.060, which is located on the lower red wall.

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