Audnzdanalysis
AUDNZD downside break quickly runs into a key stumbling blockThe key support level has been a level that buyers have leaned on for possible pullback.
The strong kiwi flows over the past two weeks have been in AUD/NZD as the pair slides back under 1.05 for the first time since August.
watch price action for possible pullback
AUDNZD Analysis: Price at the trendlineThe price has been following both an ascending channel and a falling trendline.
It has previously respected the trendline for four times and has come to test it for the fifth time.
If it bounces off then it will be a good sell opportunity.
Breaking of the trendline will invalidate this idea.
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AUDNZD Double Bottom With A Trend Line BreakThe Weekly and Daily Time Frame are all bullish in middle of making their way up to resistance, coming from a strong solid support, the weekly time frame had scored a point and pulled back but I still believe that this is going up higher.
the market has formed a double bottom and already broke the counter trend line Im going to wait for the market to pull back then im going to enter and im going to watch out at the resistance level if it breaks through it or if its going to stop and further consolidate, bigger picture this should break out to the north.
AUDNZD Head&Shoulder Breakout With Bullish CSFAUDNZD longer term time frames is showing a double bottom, since then the market kept going up, recently the market toke out a high and paused for a little bit, now the market broke out again with a Counter trend line break with a bullish engulfing candle showing continuation of the bullish move.
AUDNZD to reverse from downside confirmation, potential drop!
AUDNZD to reverse from its downside confirmation at 1.06403 where it could potentially drop further to 1.06156.
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