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AUDNZD

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.
Long
by CityIndex
easyMarkets AUDNZD Daily - Quick Technical OverviewThe technical picture of AUDNZD on our daily chart shows that the pair is forming a rising wedge, which can be considered as a bearish indication. That said, as long as the rate remains inside that pattern, the near-term outlook could stay positive. However, once the the lower side of the wedge pattern gets violated, this may open the door towards lower levels. More sellers might jump in if the pair falls below all of our EMAs as well. For the upside, a push above the 1.1031 barrier would be needed, as it has been acting as an important resistance area so far. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
AUDNZD AUDNZD Another day, another great opportunity for us trades to take advantage of. AUDNZD We are at key resistance when it comes to higher time frame including daily and weekly. We could say we are within the channel for now but if we break below 50 EMA & of trendline support expect 1.09170 areas to be target areas. However, if we break the highs of 1.09865 then I expect we retest the highs again. There are really clear levels in this, you could call this bear flag but let's wait and see! Don't forget ...It is a Friday! Trade Journal
by Trade_Journal
AUDNZD - 4hrs ( Sell Trade Target Range 350 PIP )💲Pair Name : AUD/NZD 🗨Time Frame : 4hrs ➕Scale Type : Large Scale ------ 🗒 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 Break 1.90350 Area Reasons 🔘- Major Turn level 🔘- Visible Range lvn 🔘- Pattern Break Out 🔘- Prev Day low 🔘- Fixed Range Poc 🔰Bullish Reversal 1.05650 Area Reasons 🔘- Major Turn level 🔘- Visible Range lvn 🔘- Major Channel lower Band 🔘- Year Low / Q low 🔘- 2 Q low Area 🔘- Fibo Zone 1.618 %
Short
by GoldenEngine
AUDNZD on an ascending triangle 🦐An ascending triangle pattern in the AUD/NZD currency pair on a 4-hour chart suggests that the market sentiment is bullish, with the price creating higher lows while being contained by a horizontal resistance. This pattern can be considered a continuation pattern, implying that the upward trend may continue if the resistance is successfully broken. In this scenario, a long order could be considered according to the Plancton's strategy rules if the price breaks above the resistance level, signaling a potential uptrend. An ascending triangle is a technical chart pattern that occurs in an uptrending market and is considered a bullish continuation pattern. It is characterized by a flat upper resistance level and a series of higher lows that form a diagonal support line. The pattern forms when buyers attempt to push the price higher but are met with resistance from sellers, causing the price to consolidate at the same level. As time passes, the support line moves higher, reflecting an increasing willingness among buyers to pay higher prices for the asset. If the price breaks above the flat resistance level, it can be considered a signal of continued bullish sentiment and a potential uptrend.
by InkyGrip
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