AUDNZD
AUDNZD Bears Are BackAUDNZD turned sharply down in the last quarter of 2022, away from the upper trendline of a previously bullish EW channel which is usually the ending point of a higher-degree structure on a daily chart. We talked about this in our 2022 updates and warned about a bearish turning point which is now in full progress and will most likely resume much lower as pair shows an impulsive drop for wave A.
However, nothing moves in a straight line, so wave (B) corrective rally is not a surprise either. It made a nice three-wave A-B-C correction in wave (B) perfectly into projected golden 61,8% Fibonacci retracement at the former wave 4 resistance area in the 1.10 - 1.11 area.
Well, as you can see AUDNZD pair is now dropping sharply from projected resistance and it's also breaking important channel support line in the 4-hour chart. So, seems like higher degree wave (C) is now in play that can send the price down to 1.03 area or lower, especially if breaks beneath 1.0740 bearish confirmation level.
Trade well!
AUDNZD I Potential buy from demand zone Welcome back! Let me know your thoughts in the comments!
**AUDNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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j.Hejazi | End of AUDNZD Bullish TrendThe bullish trend line for AUDNZD appears to be nearing its end, as upward momentum appears to be losing steam. This is evident in the fact that higher highs are becoming increasingly closer and new highs are being printed less frequently, as well as a divergence on the MACD indicator. Additionally, the monthly resistance at 1.10500 and the 200-day moving average have been touched without a breakout, which is another clear indication that the bullish trend may have run its course.
We now need to wait for the price to break the monthly ascending trend line and the 1.09100 support level before considering it a sell signal, with a first target of 1.08000.
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AUDNZD - 4hr ( Sell Opportunity Target Range 280 PIP )💲Pair Name : AUD/NZD
🗨Time Frame : 4hrs
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( ↘️ Short )
Type : Mid Term Swing
———————————
🔰Bearish Retest
1.09950 Area
Reasons
🔘- Major Turn level
🔘- Visible Range LVn
🔘- Pattern Retest
🔘- M / low Area
🔘- W + D / Low Area
🔘- Bos + CHoCH
🔘- Fibo Golden
🔰Bullish Reversal
1.07500 Area
reasons
🔘- Major Turn level
🔘- Pattern Target
🔘- Visible Range Lvn
🔘- M / low Area
🔘- Fibo Golden
SasanSeifi💁♂️AUD/NZD 👉 6HHI TRADERS ✌As you can see, the price faced selling pressure from the range of 1.10. We can expect the price to continue to the 1.08730 range and fill the FVG with the correction.it should be seen that the price will react to the specified range, the possibility of a positive reaction can be considered.
❎ (DYOR)...⚠⚜
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AUD.NZD rising wedgeHello Traders,
AUD.NZD daily seems to be forming a rising wedge.
Usually when there's a rising wedge, price seems to break to the downside.
I'm definitely watching this pair to see where price will break!
What do you think about this chart? Do you think it will break to the downside? thoughts?
Have a great day!
Samantha
AUDNZD BUY - If bullish engulfing candlestick closeHey Traders!
Everything is trending up nicely, a rejection to the moving averages and not forming a bullish engulfing candlestick, if this manages to close bullish then we can definitely enter trade long to re-test top level, if broken then it should head much further.
I like the idea, just wait for closure before entry:)
AUDNZD:Couple of Scenarios ahead of today's Economic CalendarHey traders, above is a quick video in which we analyze AUDNZD technically and fundamentally ahead of today's RBNZ meeting. i would watch the zone of 1.099 which combine a strong supply and demand zone with a strong uptrend. our eyes will be in today's official rate from the Reserve Bank of New Zealand. if they hike rates as the market is pricing we can probably hit more highs on AUDNZD. otherwise if RBNZ surprise us with a larger rate hike we will more likely have the second Scenario.
don't forget to ask us your questions in the comment section.
Joe.
AUDNZD, A full plan for a swing setup. AUDNZD / 4H
Hello traders, welcome back to another market breakdown.
AUDNZD has been trading in a down trend on the 4H time frame. However, the price is still bullish on Higher time frame. Where bulls look to buy for a lower high and expect another leg higher.
Checkout the chart for my full plan if the price holds this low.
Trade safe,
Trader Leo.
AUDNZD - 12hrs ( ↗️ Great Buy Opportunity Target Range 400 PIP )💲Pair Name : AUD/NZD
🗨Time Frame : 4hrs
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long ↗️ )
Type : Mid Term Swing
———————————
🔰Bullish Break
1.10500 Area
Reasons
🔘- Major Turn level / M
🔘- Poc Break
🔘- Pattern Break
🔘- P week High / P Day High
🔘- Fixed Range lvn
🔰Bearish Reversal
1.14500 Area
reasons
🔘- Major Turn level
🔘- Pattern Target
🔘- Visible range Value
🔘- Fibo Golden
🔘- strong High / Premium
🔘- 3 Q High
AUDNZD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective of AUDNZD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I see price to make a retracement to fulfill the imbalance lower and then to reject from bullish order block.
‼️Attention!!! Due to the fact that we have news on AUD upcoming week, the analysis can be invalidated.
Like, comment and subscribe to be in touch with my content!
AUDNZD:Targeting more highs ahead of next week RBNZ meetingthe Reserve Bank of New Zealand are already on the path of slowing down, if they confirm that on Tuesday we think that AUDNZD will easily achieve more highs. in the coming week we will be monitoring AUDNZD for a buying opportunity around 1.099 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
AUD/NZD holds support ahead of AU and NZ dataTechnically, AUD/NZD looks ripe for another leg higher as it is holding above trend support and the 100-bar EMA. A break above the weekly pivot point could confirm such a breakout and resumption of its trend and bring the weekly R1 / recent highs, with 1.10 also making an interim target along the way.
However, keep in mind that data from AU and NZ between 11:30 AEDT and 12:00 could make or break this trend. Ideally, we’d need to see strong AU household spending, an okay (or better) business sentiment report alongside lower NZ inflation forecasts for this to simply break higher.
For now, the bias is for a break above the weekly pivot whilst prices remain above yesterday's low. A downside break of the trendline suggests a deeper pullback is underway.