AUDNZD
AUDNZD The closing of the 1D candle is important.The AUDNZD pair is testing the top (dotted trend-line) of the Triangle pattern that started on the July 24 High that was a rejection on the 1.093250 Symmetrical Resistance. Friday's candle broke but closed below it. If any manages to close above it, we will buy and target 1.09350 on a potential emergence of a Channel Up. If on the contrary its rejected, we will be bearish, targeting the Triangle's bottom at 1.07600.
A 1D candle closing above the Symmetrical Resistance or below Support 1 (1.073350) will be a bullish and bearish break-out targeting 1.010530 (Resistance 1) and 1.063250 (Higher Lows) respectively.
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AUDNZD H4 | Bearish reversal off multi-swing-high?AUDNZD could rise towards the sell entry at 1.08677 which is a multiple swing-high resistance and could potentially reverse from this level to drop lower.
Stop loss is at 1.09263 which is an overlap resistance level that aligns above the 127.2% Fibonacci extension level.
Take profit is between 1.07950 and 1.07885 which is a pullback support level.
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Long AUDNZDAUDNZD daily Heiken Ashi candle closed green after a red daily Heiken Ashi candle. This in addition to a previous green weekly Heiken Ashi candle suggests to me that this week may be bullish.
I entered with a market order and placed my stop loss just below the local low on the daily chart.
AUDNZDAUDNZD is trading in symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the support of triangle where it is also forming a local support zone and seems like the price may break through the triangle.
If the breakout sustain to upside the optimum target could be 1.0842 followed by 1.0880.
Strifor || AUDUSD-08/21/2023Preferred direction: SELL
Comment: The US dollar continues to put pressure on the Australian dollar, namely, the squeeze to the level of 0.63750 most likely indicates the seller's intention to continue falling prices. The downside potential is located at the levels of 0.63500 and 0.63000.
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AUDNZD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDNZD for a selling opportunity around 1.08 zone, AUDNZD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the trend at 1.08 support and resistance area.
Trade safe, Joe.
AUD NZD LONGRisk 0.5%
TP1 = 1:1 RR
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Strifor || AUDUSD-08/15/2023Preferred direction: SELL
Comment: To date, one of the most prone to falling currencies. This pair has broken through significant daily supports and now the downside potential for the pair lies at the level of 0.62000. The current deal is more conservative and the target is seen at the level of 0.64000.
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AUDNZD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring AUDNZD for a buying opportunity around 1.07900 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.07900 support and resistance zone.
Trade safe, Joe.
AUDNZD I Pullback and tendency to riseWelcome back! Let me know your thoughts in the comments!
** AUDNZD Analysis - Listen to video!
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