AUDNZD: Bullish Breakout Potential, Consider Buying at 1.0916The AUDNZD currency pair is displaying a potential bullish breakout opportunity, indicating a favorable buying scenario for traders. Currently trading at 1.0916, the pair has shown strength by breaking above the resistance level at 1.0868, suggesting further upward momentum.
Several technical factors support this bullish outlook. The pair has recently formed a bullish reversal pattern, indicating a shift in market sentiment towards the upside. Additionally, the 50-day moving average has crossed above the 200-day moving average, further reinforcing the bullish bias.
Traders may consider entering a long position if the price remains above the breakout level at 1.0916. A potential profit target could be set near the next resistance level at 1.1000, with a stop-loss order placed below the breakout level at 1.0868 to manage risk.
It is crucial to conduct thorough analysis and closely monitor market conditions before executing any trades. This idea should be considered as a suggestion and not as financial advice.
AUDNZD
AUDNZD, H4 | Double Top Reversal?We're seeing price make a nice double top reversal off the 127% Fibonacci extension. A reversal from here usually brings price down to the 100% level where it broke out from.
We're zooming in a bit more into the H4 time frame and notice that price has formed a nice double top pattern. We could see price drop from the 1.0966 towards the 1.0932 which is the pullback support level and a major 23% Fibonacci retracement.
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AUDNZDA descending triangle has formed and price been bouncing of the sides so far. It is a matter of time till price breaks one side. Also, there is a horizontal area which have worked like a strong magnet and attracts the price. Have to wait and see if price have enough momentoum to break the upper side or the horizontal area pulldown the price, again. Let's see what happens.
RBA & RBNZ policy divergence - swing opportunity Fundamentals
AUD: Recent hike and expectations of further hikes to tame inflation, recent hawkish comments of Lowe.
NZD: Although RBNZ hiked the rate, the bank declared it's the last hike in the cycle - NZD should be weak on dovish expectations for a while.
Technicals & other
TC(B)
Medium term: Up
Long term: Range
Min. Target: Channel boundary + next technical level
AUDNZD, Clear as Daylight -- wants to go back to 1.10 levels.AUDNZD daily data is conveying some massive accumulation. Net buying has significantly increased from the 1.06/1.07 range this last few days -- creating daily higher lows for the third time.
An initial target of 1.10 will most likely realized.
The pair is already hinting of a significant price shift (upside) in the next few days.
Spotted at 1.070
TAYOR
Safeguard capital always.
AUDNZD - Short active ✅Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here I expect bearish price action as we can see that price filled the imbalance and rejected from bearish order block + institutional big figure 1.10000. My target is the imbalance lower.
Fundamental analysis: Upcoming week on Thursday we have news on AUD, will be released Unemployment Rate & on NZD will be released quarterly GDP. Pay attention to the results in order to validate the analysis.
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AUDNZD Potential UpsidesHey Traders, in the coming week we are monitoring AUDNZD for a buying opportunity around 1.09700 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.097 support zone, additionally AUDNZD have formed a bull flag in lower timeframe so we will be considering a potential breakout of the pattern.
Trade safe, Joe.
AUD/NZD The Target Is DOWN! SELL!
My dear friends ,
My technical analysis for AUD/NZD is below:
The market is trading on 1.09841 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.09453
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
AUD/NZD Weekly Chart OutlookAUD/NZD is facing major resistance near the 1.0985 zone.
Important Takeaways for AUD/NZD Analysis
· The Aussie Dollar started a recovery wave from the 1.0600 support against the New Zealand Dollar.
· There is a key bullish trend line forming with support near 1.0600 on the weekly chart of AUD/NZD at FXOpen.
However, the bears were active near the 50% Fib retracement level of the downward move from the 1.1489 swing high to the 1.0479 low. The pair declined and revisited the 1.0600 support. It is again moving higher toward the 50-week simple moving average at 1.0920.
On the AUD/NZD chart, the pair could struggle to surpass 1.0920 and 1.0985. Only a successful daily close above 1.0985 might start a strong increase. The next major resistance sits near the 1.1100 level.
On the downside, the first major support is near a key bullish trend line at 1.0600. The next major support is near the 1.0300 level, below which the pair may perhaps extend its decline toward the 1.0150 level. Any more losses might call for a move toward the 1.0000 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
AUDJPY is impending reversal SHORTOn the one-hour chart, AUDJPY is in the area of overhead resistance and the supply zone. Both
the zero-lag MACD is showing bearish divergence. The mass index indicator has already given
a reversal signal where mathematically the indicator goes over 27 and then triggers when
it crosses down on 26.5 This indicator often misses a reversal but seldomly generates false
signals. Japan has had rock-solid central bank actions and policies perhaps propping up the
currency value in comparison with others including the Australian dollar. Overall, I have
high confidence in a short leveraged forex trade of the pair at this time. The stop loss is
just above the red supply zone while the target is just above the POC line of the volume
profile yielding a trade with a reward for risk of over 20.
AUDNZD bounces down from the Overbought ZoneOn the 15 minute chart- the AUDNZD pair is shown to have encountered overhead horizontal
resistance by the Luxalgo indicator. It has been unable to get above the 2nd standard deviaion
line of the anchored VWAP and deflected downward. Price is now below the POC line of
the multisession volume profile. Overall, bearish bias is on the chart as confirmed by the
zero lag MACD with the lines crossing down on the horizontal zero line. I will trade an additional
short sell trade on this pair and review the strength of AUD as compared with EUR USD and
JPY for other trade possibilities. My target here is the underlying green zone of support and
demand.
✅AUD_NZD SHORT FROM RESISTANCE🔥
✅AUD_NZD will be retesting a resistance level soon at 1.107
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
AUDNZD FINALLY WE HAVE A SHORT TRADEOn AUDNZD, we have a price around 1.101 within an H1 supply zone. It's an area where the majority of trading volumes have occurred for the past two days. The expectation is to go short, with the price potentially dropping to 1.09, where we can observe further order intensity.
Share your expectation.
Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
EURNZD I Bullish flag and continuationWelcome back! Let me know your thoughts in the comments!
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AUDNZD: Turning into a sell as it approached the Channel's top.AUDNZD is on a very aggressive short-term rally following the 1.05600 Low, turning overbought on its 1D technicals (RSI = 73.113, MACD = 0.006, ADX = 40.707). As the price approached R1 (1.108900), it is gradually turning into a sell opportunity, with the Channel Up Top being just over.
Consequently, we turn bearish ourselves, targeting the bottom of the Channel Up (TP = 1.062500).
Prior idea:
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AUD/NZD Will Explode! BUY!
My dear followers ,
Please, find my technical outlook for AUD/NZD below:
The instrument tests an important psychological level 1.10110
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.11220
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
AUD-NZD Resistance Ahead! Sell!
Hello,Traders!
AUD-NZD is headed up
And the pair has been
Growing for a while now
So it is overbought now
Thus, a bearish correction
Is to be expected from
The horizontal resistance
Around the 1.1072 area
Sell!
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AUDCAD ____ INCOMING BEARISH MOVEHello Guys,
This pair is currently trading in a supply zone and the expectation is for it to present a selling opportunity. I will be monitoring this pair as it trades inside the marked area for a CHOCH in the 1-hour timeframe. Once I get my preferred bearish setup, I will be going short.
Also, I just made a post on a correlated pair which is the AUDNZD with the same outlook, I will post it below.
Follow me for more analysis.
Here is my AUDNZD analysis
Cheers,
Jabari
AUDNZD ____ INCOMING BEARISH MOVEHello Guys,
AUDNZD has been on my radar for quite some time and right now, it has entered a key zone which is the weekly order block. This should help the price take a breather from all the bullish rally so far. As you can see on my chart, I have marked two levels where I would be taking profits if I manage to take this trade (my preferred short setup appears).
You will also notice that we have sell-side liquidity which price when it is ready to sell will likely hunt.
Follow me for more analysis.
See my analysis on AUDCAD
Cheers.
Jabari