Don't miss the great buy opportunity in AUDNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0436). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1.0520
TP2= @ 1.0603
TP3= @ 1.0660
SL= Break below S2
Aud-nzd
AudNzd on 4hrs(Sell)Hello fam welcome to a new trade week. Lets follow and stay updated on my NASDAQ analyses and fx pairs, I see AudNzd trying to form a new trend, So i expect a push back down to bottom trend line(Supports).. NB: As long as resistance inst broken then sell!. Please also comment, like follow me and share your ideas on this particular pair too. thanks!
Short term pullback on AUDNZD, long term bullAs seen on the charts, on the short term (1D), it seems like AUDNZD is going to have a drawback, but on the long term (1W) chart, it looks like AUDNZD is going to continue the trend that has been developing for a while now - I don't see a reason to why it would break that trend.
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All Major FX Currencies Indexes.
#GBP #USD #xxxJPY #EUR #CHF #AUD #NZD #CAD
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From Y1 (yearly) timeframe to D1 (daily).
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AUD/NZDTF: Day
Another interesting setup. Some bullish divergence is forming on the stochastic and RSI while price action has been trading/consolidating from around December 10, 2019 to today.
However, something to note is that price is trading near the bottom of a broadening wedge that price has been trading in since December 2018.
Something I am keeping my eye on over the next few months
AUDNZD LONG POSITION 2:1AUDNZD Recently broke out of a channel that was moving for a very very long period. Now that it broke, price is coming towards a long term support zone in which it is being rejected so we are granted with a 2:1 RR position.
I personally still think there could be some more downward pressure so remember, react and not predict.
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