AUDNZD - Range Resistance Comes Into Focus!AUD/NZDOANDA:AUDNZDRayannsrAUDNZD continues to trade within a well-defined range, respecting the major support and resistance areas. After rejecting the blue support area and moving higher, price is now testing the red resistance area, which also aligns with the upper boundary of the weekly ascending channel. ⭕At this area, we can start looking for sell setups on lower timeframes, anticipating a rejection and another move back toward the support area. ⭕However, if this resistance area fails to hold and buyers manage to break above it and the upper boundary of the channel, it would provide an important indication of further bullish strength and weaken the current range structure. The reaction around this resistance may reveal whether sellers are ready to defend the range once again, or if buyers are preparing to push price into a new bullish phase. ⚠️Disclaimer: This analysis reflects my personal market view and is not financial advice. Rayan Nasser #AUDNZD #AUD #NZD #Forex #TechnicalAnalysis #PriceAction #Trading #MarketStructure #SupportAndResistance