AUDNZD
SHORT AUD/NZD from 1.0704This pair appear to have peaked at 1.0746 which is inside a band of historical resistance.
We've seen the price push through the 25, 50 and 100 EMA's on H1 and we're also under the WPP mid pivot which has failed to halt the BEARS.
Key level now is the 200 EMA 1.0693 200 EMA which will most likely offer stern support for AUD/NZD BULLS and though I can envisage some sideways price action when (if) the price makes its way down there, othr indicators suggest this may not bne enough to stop the price ehasding to the WS1 pivot at 1.0667 which is the target price.
Other indications that the BEARS have assumed control of this market are the RSI which has been steadily declining since last Friday afternoon and MACD which has both fast and slow MA periods negative.
The red SELL line of the Andean Oscillator crossed the gree BUY line on Friday and early this morning the red SELL line crossed the signal line - all signs that this is now a BEAR market.
We've aso got a SELL signal on the Pivot Point SuperTrend so everything suggests we should be headed lower and in the absence of any significant or scheduled news we may well see this pair drift south over the next 24 hours.
STOP is at 1.0720 so this is a risk of just 16 pips and the target as mentioned is at 1.0667 which is WS1.
The STOP is HARD meaning it will not be adjusted. The TP is soft and we'd have to see how much BEARISH momentum is left if the price does indeed make its way down to the pivot.
AUDNZD - Symmetrical TriangleLooking at the Higher Time Frame we can see that the price has formed a Symmetrical triangle with a Fake Breakout in a form of a Double Bottom which indicates that the price wants to move (much) higher from current levels.
Im looking for BUYING opportunities on a lower time frame.
AUD/NZD Rebounds from Support Following RBA Policy DecisionThe AUD/NZD cross recently found support around the 1.0600 area after the Reserve Bank of Australia (RBA) announced its policy decision, sparking a reversal of previous losses. Currently trading near the 1.0640 region within a range-bound area, traders may consider long positions at discounted prices.
The Australian Dollar (AUD) exhibited strength across multiple fronts following the RBA's decision to maintain the Official Cash Rate and uphold a hawkish stance. The central bank emphasized the need for confidence in inflation sustainability towards the target range. In its policy statement, the RBA acknowledged easing inflation in the December quarter, albeit remaining high at 4.1%. Notably, services price inflation showed a gradual decline but remained elevated.
Additionally, the RBA released updated economic forecasts for 2024 and 2025, revealing slight downward revisions in GDP and consumer inflation expectations. Economic growth for 2024 is now projected at 1.8%, with CPI forecasted at 3.2%, down from initial estimates of 2.0% and 3.5%, respectively. The favorable inflation outlook suggests the conclusion of the RBA's tightening cycle, potentially paving the way for future rate cuts.
While the AUD/NZD cross shows signs of rebounding from the demand area within the range box, traders eye buying opportunities at discounted prices. However, the prospect of a downward shift in the RBA's monetary policy stance may act as a hindrance to significant AUD gains, potentially capping further upside for the AUD/NZD pair.
Above 1.0500 look for further upside with1.08000 and 1.09500 as targets.
AUD-NZD Bullish Breakout! Buy!
Hello,Traders!
AUD-NZD broke the key
Horizontal level of 1.0696
And the breakout is confirmed
So after a potential pullback
And retest of the new support
We will be expecting
A bullish move up
Buy!
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Heavy on the AUDNZD as well,watch for lower timeframeHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watch out Audnzd for a turn. :)
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AUD/NZD SELL STOP at 1.0662AUDNZD has hit a band of historical resistance that stretches back some distance and is carving out an M-Top pattern with a double top.
If the pattern completes we will have a SHORT trade on the break of the neckline at around 1.0662.
Both RSI and MACD are declining and the Andean Oscillator is suggesting that the BEARS are taking control as the BULLS position weakens.
All the indicators suggest we should be headed south from these levels and as we are now well above the key WR1 pivot, history tells us that the price will tend to want to come back to the WPP mid pivot and will not be able to stay above WR1 if there is BEARISH momentum.
It is Friday so the markets will be slowing down and we do have US news at 15:00 with ISM Manufacturing and Revised UoM Consumer Sentiment so we would need to be watching this trade if it triggers and adjust STOPS accordingly.
This is a 1:1 trade with a STOP above the high which sets our target to 1.0639 but as ever these STOPS and TP's are not set in stone and will be adjusted depending on momentum.
AUDNZD Short idea - Diviregence 1H Time frameAfter a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply zone. The line for takeprofit 2 is the zone which I aim to close eventual position
Strifor || AUDUSD-29/02/2024Preferred direction: BUY
Comment: A medium-term long-trade is considered for the AUDUSD currency pair. We highlight two main scenarios that differ from each other in the depth of the current downward correction. A more likely scenario №1 involves an entry slightly below the level of 0.65000 , after the local minimum is updated (look at the chart). We also don’t discount scenario №2 . It will be especially effective to look at the divergence strategy to find a potential long entry point.
Buy-deal target level is 0.66000.
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AUDNZDAUDNZD has formed double bottom with strong bullish divergence and bulls have shown the bullish reaction as well and has given the breakout of 1.0620 level with massive buying.
Currently the price is facing strong resistance around 1.0695 region but seems like bulls will break through it.
if this breakout happens the next optimum target will be 1.0810.
Audnzd Short Trade Setup SELL TradeYou can see Good Retest Resistance level On Audnzd Chart Now
Here you can Sell it with Tight stop 60 70 Pips
and for the target you can hold this trade for 120-150 Pips
after Weekly and Daily breakout now 80% sure our this trade will go for the short direction and our target will be met soon
Bearish flag pattern Price will potentially move towards taping into the 90% Rule area to retrace and move down towards taping into the previous weekly support area, which will form an area of equal daily lows. Price is potentially going to shoot up towards or close to target area, if not, price will move further down to the lowest weekly support area. Enter at 15min timeframe to maximise RR.
Strifor || NZDUSD-27/02/2024Preferred direction: BUY
Comment: For the NZDUSD currency pair, both previous long scenarios are active. The considered target for growth is at the level of 0.62360 . Just like the AUDUSD currency pair, growth is expected mainly within today, but we do not exclude the possibility that the deal may last until tomorrow.
Longer-term prospects for this instrument will most likely develop within the range of 0.62360 - 0.61500.
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Strifor || AUDUSD-27/02/2024Preferred direction: BUY
Comment: The US dollar is in no particular hurry to recover, and especially if we are talking about AUDUSD . In addition to the Australian dollar, there are a number of interesting currency pairs for selling USD . Today we will look at short-term trade, mainly within the framework of intraday trading. We do not rule out that the deal may last until tomorrow.
The most likely increase will begin at current prices (scenario №1) . It is unlikely that the instrument will retest local minima according to scenario №2 . We place the growth target at the level of 0.66000.
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AUDNZD..BUYAccording to the pinned analysis, we are waiting for the price correction to the desired ZONE for the short position, but the same correction can also be bought, so if you trade, control the risk because this purchase is only a correction.
OANDA:AUDNZD BUY position can be taken in the specified ZONE
There is no position before the ZONE