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Aud-nzd

AUDNZD Still Eyeing the Bullish Reversal Price Action Hi traders: AUDNZD is still on my watchlist this week and very patiently waiting for the correct bullish price action to develop before the confirmation entry. What we see here is still a reversal bullish price action in the making. rice correctively move down within the higher time frame descending structure. As we know correction can continue to correct, and we shouldn't enter anything unless there is signs of bullish price development on the lower time frame. Latest development shows price has completed a LTF descending channel, and there is some bullish impulse up move, good idea to wait for continuation correction to form. This could be the first sign of entry for the upside, or simply wait for price to complete the HTF descending structure, and follow by continuation correction to buy is another alternative way. Thank you
Long
by jojofang0901
46
AUD/NZD, Could This be the Turnaround?AUD/NZD is extending gains in the aftermath of a bullish Hammer candlestick pattern. Prices have since taken out the 20-day Simple Moving Average, a further upside close could confirm the breakout. Such an outcome may place the focus on the 50-day SMA. Clearing the 50-day SMA may open the door to a material turn higher. In such a case, watch the 1.0541 - 1.0564 inflection zone. Otherwise, resuming the broader downtrend since March entails clearing the 150% Fibonacci extension at 1.0292 towards the 161.8% level at 1.0252. FX_IDC:AUDNZD
by QM_Dubrovsky
Strong markets in Europe maintain risk-on sentimentMarkets in Asia and especially in Europe started September strongly after higher-than-expected inflation in the eurozone and very optimistic comments from ECB Vice President Luis de Guindos, who said that the eurozone economy is growing faster than the ECB expected, hinting at an upward revision of the central bank's growth forecast. On the downside, German retail sales disappointed in July, falling 5.1% month-on-month. Eurozone manufacturing PMI was lower than expected, but remained near record levels. August, normally a complicated month for the stock market, saw several record closes for the S&P 500 and Nasdaq 100, with US equities pointing to a positive performance on the first day of the new month. The important 10-year US Treasury yield rose well above 1.3% again (currently at 1.32%). The USD remains weak ahead of the US jobs report in focus on Friday. Oil prices remained in a sideways range ahead of today's OPEC+ meeting. Ethereum broke through $3,500, the highest level since May 18. Bitcoin continues to trade in the $47K - $48K range. Despite rising expectations that central banks will gradually move away from pandemic-era stimulus programs, markets continue to rise, showing that investment banks remain confident that the sustained rise in the stock market will continue. Statements from ECB officials showed that the ECB is optimistic about economic developments in the eurozone, but also that the conditions for a gradual withdrawal of stimulus measures are almost met. Higher 10-year US Treasury yields can be seen as an indicator that US investors also believe that economic growth will continue for longer. September was the worst month for equities in the last two decades, and we also see hedge funds preparing for a reversal. For now, markets remain optimistic, waiting for more clues on the Fed's plans for the coming months. The ECB's optimistic comments have eased growth concerns for now. Risk sentiment remains positive, supporting risk-sensitive currencies such as the AUD, NZD and emerging market currencies. The rise in the EUR is likely to continue as expectations rise that the ECB has started internal talks on scaling back stimulus measures, which the ECB will then report on in detail at the upcoming ECB meeting (on Sep 9).
E
by MarMat1500
Aud-Nzd, my bullish viewOne currency pair that I find particularly interesting is Aud-Nzd. I state that all my analysis focuses on the Covid-19. Above, you can see the chart with the most significant levels drawn. At the Reserve Bank of New Zealand's last meeting on 18 August, the Governor stated that the " decision was made in the context of the Government's imposition of Level 4 COVID restrictions on activity across New Zealand ", i.e. the introduction of lockdown in New Zealand. He added that " Today's re-introduction of Level 4 restrictions to activity across New Zealand is a stark example of how unpredictable and disruptive the virus is proving to be ." Ultimately, " The Committee noted the considerable uncertainty that exists regarding the longer-run impacts of COVID-19, particularly with the emergence of new variants. Globally, periods of health-related mobility restriction are likely to continue for some time, creating ongoing short-term economic disruptions, supply cost pressures, and lower productive capacity ." Australia had reintroduced the lockdown about a month earlier, with Aud-Nzd dropping nearly 400 pips since then. Now that lockdown has been reintroduced in New Zealand, it is very likely that we will see the currency pair settle at much higher levels than it is now. As always I leave the stop-loss (and position size) to you and your money management, for the target, I will close most of the position at 1.06900, with the next and final target in the 1.07800/1.08100 area.
Long
by TradingwDavid
1
AUD/NZD Weekly forecast (coronavirus affect)According to the chart above we can see that trading pair AUD/NZD sitting on the weekly demand zone between the price region 1.0380-1.0440 which is also in the Fibonacci retracement support zone (50.00%-61.8%). If the buyers will enter into the long positions we can expect that the price will again test the supply zone at 1.100 which is also a BRN psychological number. The biggest Australian and New Zealand banks have a less pessimistic outlook for both the Aussie (AUD) and the Kiwi (NZD) - reflected in their AUD to NZD forecasts in 2021. But, they recognise there is a lot of uncertainty from coronavirus and a slowdown in New Zealand will be large, and recovery slow. That's probably why 2021 forecasts for the major banks vary significantly. However, their outlook for the NZD is more negative than positive compared to the AUD. According to ANZ. Coronavirus affect As coronavirus increases volatility in currency markets including the EUR and GBP. Generally, safe-haven currencies like the USD, CHF, and JPY could move higher. However, commodity currencies such as the AUD, NZD, CAD and ZAR exchange rates could fall. This could mean that confidence may be returning for the global economic outlook. However, a faltering recovery from the ongoing threat of coronavirus could continue to create sharp moves in currency crosses like the Australian dollar to New Zealand dollar exchange rate. If we summarize long term AUD/NZD forecast ANZ says it's hard to be upbeat on the NZD and expects the AUD to NZD exchange rate to end 2021 at 1.0753 Westpac expects the AUD to NZD to fall to around 1.1364 by the end of next year NAB predicts the AUD to NZD forecast exchange rates for the end of next year to be 1.0800
Short
by fxmarketanalyst
AUDNZD Falling wedge pattern and difference 😎😉analysis: -on 1D time frame we show a difference on MACD and a Golden Cross -on 4H time frame we show Falling wedge pattern and show a difference on MACD and RSI For confirmation : Wait for the insurance of technical patterns on small frames , such as Double Bottom , Head and Shoulders , and others. Targets: TP1@1.05330 TP2@1.05900 TP3@1.06400 For more analyzes and our encouragement do not forget: -Follow us -Support us with the like button 👍 -Write a comment
Long
by mohamed_Abdullah7
AUDNZD a move the next support 🦐AUDNZD on the daily chart after the test of it closes the week below the support at the 1.05500. During next week, we will check the market open at the beginning of the new month and, according to Plancton's strategy we can open a nice short order to the next support level. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
8
AUD/NZD:BEARISH TREND|PRICE ACTION|SHORT SETUP CONTINUATION 🔔Welcome back Traders, Investors, and Community! Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
1