AUDNZD: Buy Opportunity from Support Zone

The market should be added to a watchlist as we have a possible buy opportunity based on the daily chart and better buy signals from the lower timeframes.

The price bounced from the support zone. RSI confirmed the price reversal. MACD lines and histogram support further upward movement.

In spite of bearish DMI, ADX line falls. It tells us that sellers are not so active, and the price can move upward.

We have a buy opportunity based on the daily chart. Stop orders must be placed below the local swing low. Profit targets should be at SMA200 and the resistance levels. The lower timeframes can give us better entry levels after a possible pullback.