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Aud-nzd

AUDNZD reversing in the channel | 3 June 2020 AUDNZD is reversing from the upper band of the channel and is likely to go a bit lower before it touched the lower band. Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too. Until next time, see ya!
Short
by FXCM
1
Don't miss the great sell opportunity in AUDNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.083). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. Take Profits: TP1= @ 1.0752 TP2= @ 1.0677 TP3= @ 1.0619 TP4= @ 1.0530 TP5= @ 1.0448 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
24
Don't miss the great sell opportunity in AUDNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.083). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. Take Profits: TP1= @ 1.0752 TP2= @ 1.0677 TP3= @ 1.0619 TP4= @ 1.0530 TP5= @ 1.0448 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView Please show your support back, Hit the 👍 LIKE button, Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
21
AUD/NZD FULL ANALYSIS: Overbought? Ready to sell?Please hit the like button to support our ideas in the future. Thanks! TECHNICALS: The pair is completing a pullback to the broken wedge pattern which aligns with a recent resistance level, effectively forming a double top pattern. The 1.08 round-number level also provides a nice resistance to the upside. 1-hour chart: Signs of overbought conditions with strong selling pressure forming around 1.08 level. FLOWS: Positioning in both currencies is bearish, but shows signs of decreasing after the recent risk-on run. ECONOMIC SURPRISES: The NZD is well supported by recent economic reports which came in better than expected. CORRELATIONS: Yield differentials point lower, and the Australian vs New Zealand stock market ratio is still well below the current exchange rate.
Short
by MujkanovicFX
1
AUDNZD potential buying opportunity (70+pips)Both currencies are under recover since risk on sentiment took over. Long term direction is still to be confirmed by both currencies since uncertainities and virus danger are still not gone. In both scenarios I see AUD still better and safer currency to long vs NZD. SENTIMENT/SECULAR ANALYSIS: Institutions are still holding short positions on both currencies, but retailers are going the other way. In this particular case there is more traders net short this pair than long since confluence levels got hit. Going against crowds can be profitable, specially if price is not moving fast in any direction. By looking at 13w secular performance analysis chart I see AUD is almost closing the gap vs USD and safe haven currencies (first time since March 01) while NZD is still lagging (more due fundamental reasons) so it gives me a better edge over the next market move knowing that in both scenarios (risk on/off) AUD is likely to perform better in close future. TECHNICAL ANALYSIS: Pair looks bearish on 1h/4h timeframes and very close to confluence weekly pivot. However I will consider going long if 1.073 level gets ceased along with 100ema. Pair might fall even lower before we see new leg upside, but until then this is scenario I will follow. 1D timeframe: 20ema supports, previous resistance high as support - very confluent level 4h timeframe: 100ema support + confluence level IDEA: Buying AUDNZD on 1.073 breakout. SL: 10 pips below last support TP: 70 pips (1.08 area) - TP2: 1.083
Long
by fxmonarchy
2
AUD/NZD: Update, what's next after wedge breakout?Part 2/2: Technicals : So far we have a clean break below the bearish wedge pattern on the daily chart, although buyers are becoming more active recently and push the price higher. The 1-hour chart shows the key sell zone that should be monitored - it's the pullback level to the lower wedge resistance that aligns with a short-term horizontal resistance. Economic surprises : If you followed our posts, you know that the Australian dollar had some of the strongest ratings in our Economic surprises index. The NZD is now picking up, but the market narrative about negative interest rates could still be bearish for the currency. US-China tensions, and possible China-Australia trade tensions, could significantly weigh on the Australian dollar. Positioning : We'll make an update on market positioning after the CFTC reports this week's CoT numbers. Correlations : Correlations are described in the previous post. I like the divergence between the pair and the ASX200 vs NZX50. This could be bearish for the pair. We need to post correlations separately, or our charts would be too cluttered. Risk sentiment: Deteriorating. Stock indices falling on renewed trade tensions. Bearish.
Short
by MujkanovicFX
1
AUD/NZD - Short Setting an order for a short on this pair as it looks to be showing resistance at this major area. there is major support below and it is in an up-tend however, i believe we are going to see a pullback. I will close partial profits at the support below and let the rest of the trade run on a break even stop. Very simple. If you have any questions or want to learn more about how i trade, leave me a message on here or on my instagram! Have a great week. Saxon
Short
by ProsperousTechnician
AUD/NZD: Is the bull run soon over?Hi traders, here we have the AUDNZD pair, a pair that has been in a strong uptrend since mid March after China reported upbeat post-corona market reports and the RBNZ pointed at negative interest rates. Now, the pair is trading at an important resistance level and at the upper resistance of a bearish wedge pattern. The pair formed an indecisive doji candlestick today. Notice the bearish divergence on the 1-hour chart, which hints at weakness at least in the short-term. Possible headwinds for the idea are recent economic reports from Australia, with the AUD getting a very high score from our CommaFX Economic Surprises Index. Market positioning is bearish for both the AUD and NZD, but slightly more bearish for the NZD. Cross-market correlations for the pair follow in the next post, so stay tuned.
by MujkanovicFX
2
AUDNZD-Entrys for sellThree Different levels/zones that I will watch for rejection for sells. Price had tested the monthly Resistance multiple times and rejected, then Price broke to the downside from the weekly trendline of support, retested that trendline and made a LL, then price created a double bottom on weekly tf, and has pushed back up to previous high. my bias remains short unless we break the monthly resistance. I will be watching for a rejection at weekly TL, psych/key level, and monthly TL.
Short
by Sedanacci
2