AUDNZD has finally broken out of a well-formed falling wedge pattern on the 12H timeframe, signaling a potential bullish reversal. After a sustained downtrend, price consolidated within the wedge, indicating decreasing bearish momentum. The recent breakout confirms buyer strength and opens the door for a fresh upside swing. The current price sits around 1.072, and based on technical structure and projected pattern targets, we could be heading towards the 1.105 zone.
From a fundamental standpoint, the Australian Dollar is gaining support due to rising commodity demand and hawkish tones from the RBA, hinting at a possibility of sustained higher interest rates. On the other hand, the New Zealand Dollar has been under pressure due to softer-than-expected CPI data and growing speculation that the RBNZ might be done with its tightening cycle. This divergence in central bank stance adds fuel to the AUDNZD bullish narrative. Today’s macro releases show stable Australian employment data and a dip in New Zealand’s retail figures, which further supports the bullish view.
This setup offers a solid risk-to-reward ratio, especially with a clean invalidation below 1.062. If the momentum sustains, price may accelerate quickly toward the 1.105 target. Market participants should also keep an eye on DXY (US Dollar Index) correlations and global risk sentiment, which could amplify volatility across AUD and NZD pairs.
As a professional trader, I’ll be monitoring price action closely near lower timeframes for confirmation entries and managing the trade with dynamic stop-loss adjustments. This breakout is technically clean, fundamentally supported, and strategically aligned with the current macro backdrop – making it a high-probability swing setup worth sharing.
From a fundamental standpoint, the Australian Dollar is gaining support due to rising commodity demand and hawkish tones from the RBA, hinting at a possibility of sustained higher interest rates. On the other hand, the New Zealand Dollar has been under pressure due to softer-than-expected CPI data and growing speculation that the RBNZ might be done with its tightening cycle. This divergence in central bank stance adds fuel to the AUDNZD bullish narrative. Today’s macro releases show stable Australian employment data and a dip in New Zealand’s retail figures, which further supports the bullish view.
This setup offers a solid risk-to-reward ratio, especially with a clean invalidation below 1.062. If the momentum sustains, price may accelerate quickly toward the 1.105 target. Market participants should also keep an eye on DXY (US Dollar Index) correlations and global risk sentiment, which could amplify volatility across AUD and NZD pairs.
As a professional trader, I’ll be monitoring price action closely near lower timeframes for confirmation entries and managing the trade with dynamic stop-loss adjustments. This breakout is technically clean, fundamentally supported, and strategically aligned with the current macro backdrop – making it a high-probability swing setup worth sharing.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our Forex Community Telegram group and connect with thousands of traders.
Hit the Link below
👇👇👇
linkin.bio/andrewstelegramfamily
Hit the Link below
👇👇👇
linkin.bio/andrewstelegramfamily
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.