AUDNZD--SHORT--350 Pips

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AUDNZD--SHORT--350 PipsAustralian Dollar vs. New Zealand DollarFX:AUDNZDcatalytsMulti-Timeframe Analysis: --Higher Timeframe Context: Strong bullish momentum last year and through the first 4 months of this year. --Key Confluence: Price tested the upper boundary of the long-term ascending channel, which aligns with the key yearly level at 1.229. --Reversal Setup: Failed to break and hold above this zone, triggering a downward reversal last month. --Current Price Action: This month, price pulled back to retest the key level, showed signs of rejection, and resumed its move down. --Execution: Entry and TP levels are marked on the chart.