Fundamentally we have the Reserve Bank of Australia with a neutral stance and the Reserve Bank of New Zealand with a neutral stance after the latest rate cut. In fact the NZ CPI Figures are scheduled for this week before we head into the showdown of the RBNZ in the last week of January. I am expecting a drop in NZ CPI Figures of round about -0.5%, while the newest...
PRICE IS MAKING ITS WAY BACK DOWN TO A CRUCIAL AREA A BREAK OF THIS LEVEL WILL SEND THIS PAIR INTO UNKOWN TERRITORY THUS CAUSING A PANICK, I THINK BUYERS WILL HAVE ENOUGH STRENGTH TO PUSH THIS BACK UPWARDS. IF SO WE ARE AT AN AREA WHERE WE COULD POTENTIALY FIND A BRILLENT BUY SET UP PLEASE FEEL FREE TO AD YOUR VIEWS AND OPINIONS
I actually drew this chart back at pt C but decided not to publish as It is not a perfect cypher. But it seems to behave like it...so I will give it a try. With 1:1.5 min Risk reward. Looks justified. Entry: 1.65 SL: 1.62 Target: 1.7 then SL moves to BE
Ichimoku bullish in 4H. Depening on this candle close, i will go long.
We expect the Bearish Gartley formation to proceed further. Some encouraging signs for AUD/NZD upside have emerged. The pair has bounced back from 1.0567 levels, has closed above the trendline resistance at 1.0620 which has currently flipped to support. A break above 1.0679/81 resistance (highs Dec 17 & 24) will give more confidence, could establish a bottom for...
We see a Bearish Gartley formation on AUD/NZD charts. The pair dipped below strong trendline support on Dec 28th, but bears struggling to take the pair lower. Overnight rebound in crude supported commodity currencies such as the Australian dollar on Wednesday. AUD/NZD trades a tight Asian range - opened the Asian session +0.2% at 1.0614, after a fresh 1.0568...
AUD/NZD has dipped below trendline support at 1.0615 and edged higher, negative setup could target 1.05 levels but some consolidation likely. Consistent lower highs maintains downside pressure, momentum studies are neutral, 5, 10 & 20 DMAs trend south. Inverted cup & handle pattern observed on daily charts, price action is well below the cloud, RSI is at 34...
AUD/NZD in the Asian Session hit session lows at 1.0663, but was rejected there and is at the time of writing trading at 1.0719. Persistent NZD weakness supporting AUD/NZD higher in Asia, New Zealand dollar in consolidation mode, having bounced 3.2 percent last week. The pair attempted to pierce daily cloud but unable to extend gains further, bias still lower,...
AUD/NZD bears unable to push the pair below 1.0707 (a double bottom tested on 9th and 10th Dec). Price action has re-entered hourly cloud and on the day AUD/NZD has been supported by cloud base at 1.0728, daily Stochs are in an oversold zone and will see some unwinding soon. A close above the 200-DMA at 1.0823 would be very encouraging, bulls could then take...
The antipodeans were under pressure for the second consecutive session on Wednesday after a brutal selloff in oil and commodities saw speculators add to already bearish positions AUD/NZD slightly bid in the Asian session up around 0.25%, Kiwi weakness seen as we head into the RBNZ policy meet tomorrow RBNZ is widely expected to cut rates at tommorow's meeting by...
AUD/NZD trades in a neutral setup - 21 DMA at 1.0936 is pivotal support, close below could expose 1.0860 (32.8 % Fibo 1.0496-1.1086 rise). Upbeat Australia retail sales which increased 0.5% m/m in Oct, marginally higher than previous month had little impact. Longer upper wicks seen on daily candles raise concerns for upside. The pair is back below the 10 &...
AUD/NZD price action ranges within the cloud, the pair has edged lower after hitting double tops at 1.1086 (24th and 25th Nov), daily Stochs have rolled over from overbought The pair was only marginally higher after strong Australia GDP data, hit session highs at 1.0992, but was rejected at highs and is currently trading around 1.0967 levels Upside in the pair...
AUD/NZD has edged lower after hitting double tops at 1.1086 (24th and 25th Nov). Daily RSI rolls over from overbought and the pair dips back into the cloud AUD weakness prevalent across crosses after poor Australia Capex data. AUD/NZD pressured lower, hits session lows at 1.0955, minor support at 1.1011 broken, could drop till 1.0730 Rally in metals has helped...
AUD/NZD trades above its wide range channel (between 1.0895 and 1st July highs of 1.1429). AUD has been surprisingly resilient today despite plunge in commodities. The pair has broken above 55 DMA at 1.0923 and is currently trading at 1.0931, a close for the week above 1.0895 will affirm bullish bias, a recovery back above the 1.10 handle in sight. Immediate...
AUD/NZD has pulled out of the consolidation phase and re-entered its wide range channel between 1.0895 and 1st July highs of 1.1429. AUD led rally in response to surprisingly strong Australian jobs data has buoyed the pair higher. The pair has broken above 200 DMA at 1.0767 and is currently trading at 1.0899, with next hurdle seen at 1.0921 (50% of Sep/Oct...
AUD/NZD was unable to close above 1.0821 which is 38.2% Fibo of Sep/Nov fall in the previous week. Daily Stochs have turned bearish from overbought levels, RSI is also biased lower. 200 DMA at 1.0763 is a strong resistance point and is pivotal for a rebound in the pair. Close below would then highlight 1.0697 which is 23.6 % Fibo of Sep/Nov fall as a likely next...